427 East Central Avenue

Alpha, NJ 08865

$999,900
Price
8
Beds
5
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Discover an EXCEPTIONAL INVESTMENT OPPORTUNITY with this Beautifully Newly 2024 REMODELED 5-unit MULTI-FAMILY APARTMENT BUILDING. Ideally situated in DESIRABLE Alpha Boro, this apartment building features 3- 1 Bedroom, 1- 2 Bedroom and 1- 3 Bedroom apartments. With Modern Upgrades throughout, the building boasts a BRAND NEW ROOF, NEW WATER HEATERS, NEW carpet and LVP, updated baths, FRESH PAINT and contemporary kitchens complete with NEW CABINETS, COUNTERTOPS, and STAINLESS-STEEL APPLIANCES. The...Discover an EXCEPTIONAL INVESTMENT OPPORTUNITY with this Beautifully Newly 2024 REMODELED 5-unit MULTI-FAMILY APARTMENT BUILDING. Ideally situated in DESIRABLE Alpha Boro, this apartment building features 3- 1 Bedroom, 1- 2 Bedroom and 1- 3 Bedroom apartments. With Modern Upgrades throughout, the building boasts a BRAND NEW ROOF, NEW WATER HEATERS, NEW carpet and LVP, updated baths, FRESH PAINT and contemporary kitchens complete with NEW CABINETS, COUNTERTOPS, and STAINLESS-STEEL APPLIANCES. The exterior shines with NEW VINYL SIDING, shutters, and a freshly painted block facade. Enjoy the benefits of a newly installed PAVER PATIO and a stone off-street PARKING LOT, providing ample parking for residents. Each apartment has its OWN ENTRANCE, ensuring privacy and independence. Separate electric meters make for easy management. Utilize the basement for additional storage or coin laundry to maximize profits! This TURNKEY investment property is ready for market-rate tenants, offering a hassle-free opportunity to capitalize on the thriving rental market. Don't miss out on this remarkable property that combines modern living with exceptional curb appeal! Certificate of Occupancy has been completed!
  1. Listed by ASHLEY CARRIGAN • KELLER WILLIAMS REAL ESTATE

Property Details for 427 East Central Avenue

Directions
From 22E, take R onto St James Ave, L onto New Brunswick Ave, R onto Hawk Ave, stay on 3rd, L onto E Central Ave, property on Right
Days On Market
27
Section/Subdiv/Development
Not in a Development
LISTING UPDATED: 11/20/2024 04:03 PM

Property Details for 427 East Central Avenue

StatusActive
MLS #3931051
Days on Market33
Taxes$10,329 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1880
Lot Size0.22 AC / 9,583 SF
CountyWarren County

Building Information for 427 East Central Avenue

Stories-Residences4Year Built1880Building Size-Lot Size0.22 AC / 9,583 SF

Property Information for 427 East Central Avenue

Summary
Location and General Information
  • Zoning: R-4
  • Active Days on Market: 27
  • Renovated Year: 2024
  • County #: Warren
  • Town Name: Alpha Boro
  • Block Identifier: 84
  • Listing Type: Exclusive Right to Sell
  • Color of Building: White/Gray
  • Town #: 3002.0
  • Street # Display: 427.0
  • # Parking Spaces: 5
  • County Or Parish: Warren
  • Street Name: E Central Ave
  • Zip Code: 08865-4742
  • Total Units: 4
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • County Tax: *
  • Tax Amount: $10,329
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 298900.0
  • Tax ID For Property: 3002-00084-0000-00004-0000-
  • Tax Rate Amount: $3
  • Tax Rate Tax: *
  • Tax Rate Year: 2024
  • Tax Year: 2023
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: Gravel, Off-Street Parking, On-Street Parking, Parking Lot-Exclusive
Property
Lot Information
  • Lot Description: Level Lot
  • Lot Identifier: 4
  • Approximate Lot Size: 0.21 75X125
  • Total Acres: 0.22
  • Construction Date/Year Built: 1880
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 231200.0
  • Assessment Land: 67700.0
  • Farm Assessment: No
Utilities
  • Cooling: Ceiling Fan
  • Utilities: Electric
  • Water: Public Water
  • Water Heater: Electric
  • Heating: Baseboard - Electric
  • Fuel Type: Electric
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding
  • Exterior Features: Curbs, Patio, Sidewalk
Interior Features
  • Interior Features: Carbon Monoxide Detector, Carpeting, Fire Extinguisher, High Ceilings, Smoke Detector, Walk-In Closet
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Bilco-Style Door, Full, Unfinished
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Microwave Oven, Range/Oven - Electric, Smoke Detector
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 1
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Heat
  • Unit 1 Rent: 0.0
  • Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living Room
  • 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, Microwave Oven, Range/Oven - Electric, Smoke Detector
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 1
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Heat
  • Unit 2 Rent: 0.0
  • Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living Room
  • 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, Microwave Oven, Range/Oven - Electric, Smoke Detector
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 1
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 1.0
  • Unit 3 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Heat
  • Unit 3 Rent: 0.0
  • Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Living Room, Storage
  • 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, Microwave Oven, Range/Oven - Electric, Smoke Detector
  • Unit 4 Baths: 1.0
  • Unit 4 Bedrooms: 3
  • Unit 4 Fireplaces: 0.0
  • Unit 4 Handicap Modified: No
  • Unit 4 Levels: 2.0
  • Unit 4 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Heat
  • Unit 4 Rent: 0.0
  • Unit 4 Room Description: Bedrooms, Eat-In Kitchen, Living Room, Storage
  • Unit 4 Rooms: 6.0
  • Unit 4 Security Deposit: 0.0
  • Unit 4 Sq Ft: 0.0
Income & Expenses Information
  • Total Operating Expense: $11,830.00
  • Expenses Include: Insurance, Taxes
  • Net Operating Income: $88,970.00
  • Gross Operating Income: $100,800.00
Rental
Rental Information
  • Home Warranty: false

Property History for 427 East Central Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 427 East Central Avenue

This home is within Alpha Borough Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Private - 2 to 12
Rating
School
Distance
Alpha School
PublicPK to 8

Warren Glen Academy
Private2 to 12

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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427 East Central Avenue is a multi-family home for sale in Alpha, NJ 08865. This property was listed for sale on October 24, 2024 by KELLER WILLIAMS REAL ESTATE, it's currently listed at $999,900. This listing's school district is Alpha Borough Public School District. Nearby schools include Alpha School and Warren Glen Academy. 427 East Central Avenue is a 8-bed, 5-bath, multi-family home built in 1880.

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 KELLER WILLIAMS REAL ESTATE, ASHLEY CARRIGAN

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: 11/27/2024 05:52 AM. 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: 11/27/2024 05:52 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.