73 John Partridge Road

Matawan, NJ 07747

$2,000,000
Price
14
Beds
5,017 Sq. Ft.
$399 / Sq. Ft.
5,017
Sq. Ft.
$399
per Sq. Ft.

Description

Serious investors, this is for you. Running a 6.8% cap rate! Fully leased multi unit 5,016 square foot building of 10 units hits the market. Find one and two bedroom units. Updated. Rented with stable tenants. There is room for rent to be increased so additional opportunities are there. No rent control here! Private driveway leads to 1.14 acres of naturistic grounds. Tenants love the greenery. Apartments have full kitchens. Units were updated within the past 10 years. Tenant all pay on time or early....Serious investors, this is for you. Running a 6.8% cap rate! Fully leased multi unit 5,016 square foot building of 10 units hits the market. Find one and two bedroom units. Updated. Rented with stable tenants. There is room for rent to be increased so additional opportunities are there. No rent control here! Private driveway leads to 1.14 acres of naturistic grounds. Tenants love the greenery. Apartments have full kitchens. Units were updated within the past 10 years. Tenant all pay on time or early. None of the tenants get rental assistance. This is fabulous rental property. This is an R-40 zoned property and grandfathered. Please do not walk property without an appointment. Call for more details.
  1. Listed by Susan Grace McGowan • Hometown Residential Realty LLC

Property Details for 73 John Partridge Road

Complex/Subdivision
None
Zoning
Residential
Waterview
No
Directions
Route 516 to Partridge (also known as John Partridge).
LISTING UPDATED: 11/03/2024 05:14 PM

Property Details for 73 John Partridge Road

StatusActive
MLS #22425516
Days on Market81
Taxes$15,340 / year
HOA Fees-
Condo/Co-op Fees-
Compass Type-
MLS Type-
Year Built-
Lot Size1.14 AC / 49,658 SF
CountyMiddlesex County

Building Information for 73 John Partridge Road

Stories2Residences10Year Built-Lot Size1.14 AC / 49,658 SF

Property Information for 73 John Partridge Road

Summary
Location and General Information
  • Area/Section: None
  • Postal City: Matawan
  • State: NJ
  • Municipality: Old Bridge (OLD)
  • Elementary School: Cheesequake
  • Middle School: Carl Sandburg
  • High School: Old Bridge
  • Other Elementary: St. Benedict
  • Other High: Old Bridge
  • # Units in Bldg: 10
  • Block: 10252
Parking
  • Garage: No
  • Parking: Off Street, Unpaved, See Remarks, Open
  • # Car Garage: 0.0
  • # Parking Spaces: 20.0
Taxes and HOA Information
  • Tax ID#: 15-10252-0000-00005
  • Taxes: $15,340.00
  • Tax Year: 2023
Property
Lot Information
  • Apx SqFt: 5017.0
  • # Acres: 1.14
  • Lot: 5
  • Lot Description: Level, Wooded
Property and Assessments
  • Assessment - Total: 0.0
  • Assessment Status: Assessed
  • Possession: At Closing
  • Deed Restricted: No
  • Property Sub-Type: 7+ Family
Utilities
  • Water Heater: Natural Gas
  • Water/Sewer: Public Water, Septic
Interior and Exterior Features
Exterior Features
  • Pool: No
  • Waterfront: No
Interior Features
  • # Levels: 2
  • Basement: Walk-Out Access
  • Bedrooms: 14
Multi Family
Unit 1
  • Unit 1: # Bedrooms: 1
  • Unit 1: # Full Baths: 1
Unit 2
  • Unit 2: # Bedrooms: 1
  • Unit 2: # Full Baths: 1
Unit 3
  • Unit 3: # Bedrooms: 1
  • Unit 3: # Full Baths: 1
Unit 4
  • Unit 4: # Bedrooms - Unit 4: 1
  • Unit 4: # Full Baths - Unit 4: 1
Unit 5
  • Unit 5: # Bedrooms: 2
  • Unit 5: # Full Baths: 1
Unit 6
  • Unit 6: # Bedrooms: 1
  • Unit 6: # Full Baths: 1
Unit 7
  • Unit 7: # Bedrooms: 2
  • Unit 7: # Full Baths: 1
Unit 8
  • Unit 8: # Bedrooms: 2
  • Unit 8: # Full Baths: 1
Unit 9
  • Unit 9: # Bedrooms: 2
  • Unit 9: # Full Baths: 1
Unit 10
  • Unit 10: # Bedrooms: 2
  • Unit 10: # Full Baths: 1
Income & Expenses Information
  • Income & Expenses: Estimated Total Expenses: 50000.0
  • Income & Expenses: Gross Income: 180000.0
  • Income & Expenses: Net Income: 130000.0
  • Landlord Pays: Garbage Removal, Yard Maintenance, Water, Snow Removal, Sewer
  • Tenant Pays: Electricity, Gas

Property History for 73 John Partridge Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 73 John Partridge Road

Taxable ValueLand$75,200Additions$202,600Total$277,800
Tax Record2023$15,340 ($1,278 / month)
Home Facts
Total Finished SqFt5,017 SqFtAbove Grade Finished SqFt5,017 SqFtStories2Lot Size49,658 SqFtStyleMulti-Family Res (5+ Units)Year Built1945ZoningR40CountyMIDDLESEXAPN15 10252-0000-00005

Schools near 73 John Partridge Road

This home is within Old Bridge Township School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Cheesequake Elementary School
PublicK to 5

Carl Sandburg Middle School
Public6 to 8

Old Bridge High School
Public9 to 12

James Mc Divitt Elementary School
PublicK to 5

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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73 John Partridge Road is for sale in Matawan, NJ 07747. This property was listed for sale on September 4, 2024 by Hometown Residential Realty LLC, it's currently listed at $2,000,000. It has been on the market for a total of 81 days and was last sold on July 11, 2005. This listing's school district is Old Bridge Township School District. Nearby schools include Cheesequake Elementary School, Carl Sandburg Middle School and Old Bridge High School. 73 John Partridge Road is a 14-bed, 0-bath, 5,017 sqft.

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 Hometown Residential Realty LLC, Susan Grace McGowan

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 06:19 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 06:19 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.