31-53 Arch Street

High Bridge, NJ 08829

$2,400,000
Price
26
Beds
12
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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
  1. 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 Market
13
LISTING UPDATED: 11/12/2024 09:03 PM

Property Details for 31-53 Arch Street

StatusActive
MLS #3932192
Days on Market24
Taxes$45,731 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 2-Two Story
Year Built1910
Lot Size2.80 AC / 121,968 SF
CountyHunterdon 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

Summary
Location and General Information
  • Zoning: R-3
  • Middle/Jr High School: HIGHBRIDGE
  • Grade School: HIGHBRIDGE
  • High School: VOORHEES
  • Active Days on Market: 13
  • County #: Hunterdon
  • Town Name: High Bridge Boro
  • Block Identifier: 31
  • Listing Type: Exclusive Right to Sell
  • Color of Building: Beige
  • Town #: 1914.0
  • # Parking Spaces: 24
  • County Or Parish: Hunterdon
  • Street Name: Arch St
  • Zip Code: 08829-2402
  • Total Units: 4
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $45,731
  • Street name Tax: *
  • Zip Code Tax: *
  • City Tax: *
  • Assessment Total: 1401100.0
  • Tax ID For Property: 1914-00031-0000-00002-0002-
  • Tax Rate Amount: $3
  • Tax Rate Tax: *
  • Tax Rate Year: 2024
  • Tax Year: 2024
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: Blacktop, Common, Off-Street Parking, Parking Lot-Shared
  • # Garage Spaces: 0
Property
Lot Information
  • Lot Description: Lake/Water View, Open Lot, Wooded Lot
  • Lot Identifier: 2.02
  • Approximate Lot Size: 2.80 AC
  • Total Acres: 2.8
  • Construction Date/Year Built: 1910
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 1100800.0
  • Assessment Land: 300300.0
  • Farm Assessment: No
Utilities
  • Cooling: 3 Units, Central Air, See Remarks, Window A/C(s)
  • Services: Cable TV Available, Garbage Included
  • Utilities: Electric, Gas-Propane
  • Water: Public Water
  • Water Heater: Electric
  • Heating: 3 Units, Baseboard - Electric, Baseboard - Hotwater, See Remarks
  • Fuel Type: Electric,OilAbOut,SeeRem
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding
  • Exterior Features: Deck, Open Porch(es), Patio, Storage Shed
Interior Features
  • Interior Features: Carbon Monoxide Detector, Carpeting, Fire Extinguisher, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Crawl Space, Full, Unfinished
  • Easement Desc: Driveway
  • Easement: Yes
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Dishwasher, Kitchen Exhaust Fan, Range/Oven - Electric, Refrigerator, Stackable Washer/Dryer
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 2
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 2.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Heat, Owner Pays Water, Tenant Pays Electric
  • Unit 1 Rent: 2200.0
  • Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Laundry Room, Living Room, Pantry, Porch
  • Unit 1 Rooms: 4.0
  • Unit 1 Security Deposit: 0.0
  • Unit 1 Sq Ft: 0.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Dishwasher, Range/Oven - Gas, Refrigerator, Stackable Washer/Dryer
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 2
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 2.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Heat, Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
  • Unit 2 Rent: 1900.0
  • Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Laundry Room, Living Room, Pantry, Porch
  • Unit 2 Rooms: 4.0
  • Unit 2 Security Deposit: 0.0
  • Unit 2 Sq Ft: 0.0
Unit 3 Information
  • Unit 3 Appl/Equip: Carbon Monoxide Detector, Dishwasher, Dryer, Microwave Oven, Range/Oven - Electric, Refrigerator, Washer
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 2
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 2.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Heat
  • Unit 3 Rent: 1900.0
  • Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Laundry Room, Living Room, Pantry, Porch
  • Unit 3 Rooms: 4.0
  • Unit 3 Security Deposit: 0.0
  • Unit 3 Sq Ft: 0.0
Unit 4 Information
  • Unit 4 Appl/Equip: Carbon Monoxide Detector, Dishwasher, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator, Stackable Washer/Dryer
  • Unit 4 Baths: 1.0
  • Unit 4 Bedrooms: 2
  • Unit 4 Fireplaces: 0.0
  • Unit 4 Handicap Modified: No
  • Unit 4 Levels: 2.0
  • Unit 4 Owner/Tenant Pays: Owner Pays Heat, Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
  • Unit 4 Rent: 1900.0
  • Unit 4 Room Description: Bedrooms, Eat-In Kitchen, Laundry Room, Living Room, Pantry, Porch
  • Unit 4 Rooms: 4.0
  • Unit 4 Security Deposit: 0.0
  • Unit 4 Sq Ft: 0.0
Multi-Family Information
  • Unit Style: 2-Two Story
Income & Expenses Information
  • Total Operating Expense: $240,000.00
  • Expenses Include: Garbage Collection, Insurance, Maintenance, Taxes
  • Net Operating Income: $140,000.00
  • Gross Operating Income: $100,000.00
Rental
Rental Information
  • Home Warranty: false

Property History for 31-53 Arch Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

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Similar Sold Homes

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31-53 Arch Street is a multi-family home for sale in High Bridge, NJ 08829. This property was listed for sale on October 31, 2024 by TURPIN REAL ESTATE, INC., it's currently listed at $2,400,000. This listing's school districts are North Hunterdon-Voorhees Regional High School District, High Bridge Borough School District. Nearby schools include High Bridge Elementary School, High Bridge Middle School and Voorhees High School. 31-53 Arch Street is a 26-bed, 12-bath, multi-family home built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of TURPIN REAL ESTATE, INC., KAREN J. MARTINO

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 11/23/2024 01:09 PM. Source: New Jersey Multiple Listing Service, Inc. © 2024 New Jersey Multiple Listing Service, Inc. All rights. The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated: 11/23/2024 01:09 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.