31-53 Arch Street
$2,400,000
26
12
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Description
An exceptionally rare investment opportunity in Hunterdon County consists of three residential buildings, each with four units, housing a total of 12 apartments. These well-maintained apartment buildings sit on 2.8 picturesque acres in High Bridge. Currently netting approx. $140k in annual income with the potential for even more, it represents a solid investment with a steady cash flow, long-term tenants, and some below-market rate rentals for an exceptional opportunity. All units have spacious living...An exceptionally rare investment opportunity in Hunterdon County consists of three residential buildings, each with four units, housing a total of 12 apartments. These well-maintained apartment buildings sit on 2.8 picturesque acres in High Bridge. Currently netting approx. $140k in annual income with the potential for even more, it represents a solid investment with a steady cash flow, long-term tenants, and some below-market rate rentals for an exceptional opportunity. All units have spacious living rooms, expansive and updated eat-in kitchens, full updated baths and a laundry in each unit. Ten units have two bedrooms and two units offer three bedrooms. Four units have full basements. Located in a scenic rural area, the units also offer decks and/or patios and front porches for warm weather enjoyment. Each unit has two spaces for off-street parking, public water and sewer. This central location is minutes to train and bus stations as well as Routes 78, 22 and 31 for commuters. The area also provides a variety of local dining, shopping, recreational activities and top-rated schools, enhancing this unique investment opportunity. Also see Commercial MLS# 3932187
- Listed by KAREN J. MARTINO • TURPIN REAL ESTATE, INC.
Property Details for 31-53 Arch Street
Directions
Rt 78 to Clinton, Rt. 31 N to R on Rt 513, R on Arch St, Bear L to property on R just past the tunnel bridge.
Days On Market13
LISTING UPDATED: 11/12/2024 09:03 PM
Property Details for 31-53 Arch Street
Status | Active |
---|---|
MLS # | 3932192 |
Days on Market | 24 |
Taxes | $45,731 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family / 2-Two Story |
Year Built | 1910 |
Lot Size | 2.80 AC / 121,968 SF |
County | Hunterdon County |
Building Information for 31-53 Arch Street
Stories-Residences4Year Built1910Building Size-Lot Size2.80 AC / 121,968 SF
Property Information for 31-53 Arch Street
Property History for 31-53 Arch Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 31-53 Arch Street
This home is within North Hunterdon-Voorhees Regional High School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 4 | |||
Public - | 5 to 8 | |||
Public - | 9 to 12 | |||
Private - | PK to 8 |
Rating | School | Distance |
---|---|---|
High Bridge Elementary School PublicPK to 4 | ||
High Bridge Middle School Public5 to 8 | ||
Voorhees High School Public9 to 12 | ||
Immaculate Conception School PrivatePK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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