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    312 Church St

    Hackettstown Town, NJ 07840
    • $545,000
    • STATUS: Active
    • ON SITE: 28 days
    • MLS #: 3703434
    Price Reduced
    UPDATED: 6 min ago
    $545,000
    • 8
      BEDS
    • 0.18
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1900
    County:

    School Ratings & Info

    Description

    Large 4 Unit, multifamily investment property in the center of the historic section of Hackettstown. Two, 3 bedroom units and two, 1 bedroom units. Section 68 certificate approved! Public water/sewer. Separate electric meters for each unit. Current leases are all month to month, are below market rents, and include water, sewer, heat and trash. Based on fair market rents of $1,800 for the 3 bedrooms and $1,200 for the 1 bedrooms, this should be an 8+ cap rate. See attached pro forma. Inc, Exp, and NOI #'s below are based on pro forma

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    © 2021 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Provident Legacy Real Estate Services, LLC. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Provident Legacy Real Estate Services, LLC are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-05-07T06:51:21.79.
    www.providentlegacyres.com/homes/115873063
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    312 Church St Hackettstown Town, NJ 07840

    • Price: $545,000
    • Status: Active
    • Updated: 6 min ago
    • MLS #: 3703434
    8
    Beds
    4
    Baths
    0
    ½ Baths
    0.18
    Acres
    1900
    Built
    Neighborhood:
    Historic Section
    County:
    Warren
    Area:
    Hackettstown Town
    Property Description
    Large 4 Unit, multifamily investment property in the center of the historic section of Hackettstown. Two, 3 bedroom units and two, 1 bedroom units. Section 68 certificate approved! Public water/sewer. Separate electric meters for each unit. Current leases are all month to month, are below market rents, and include water, sewer, heat and trash. Based on fair market rents of $1,800 for the 3 bedrooms and $1,200 for the 1 bedrooms, this should be an 8+ cap rate. See attached pro forma. Inc, Exp, and NOI #'s below are based on pro forma
    Exterior Features

    Approximate Lot Size 60X130 Color Of Building Yellow Exterior Description Wood Exterior Features Open Porch(Es) Lot Description Open Lot Number Of Parking Spaces 9 Parking Driveway Description BlacktopDriveway-Shared Roof Description Imitation SlateSlate

    Interior Features

    Basement Yes Basement Description FullUnfinished Cooling None Heating 4+ Units Total Number Of Rooms 16 Unit1 Appliances Equipment CookelecRefrig Unit1 Baths 1.0 Unit1 Bedrooms 1 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsKitchenLiving Room Unit1 Rooms 3 Unit1 Security Deposit 9999 Unit1 Sq Ft 0 Unit2 Appliances Equipment CookelecRefrig Unit2 Baths 1.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description BedroomsKitchenLiving Room Unit2 Rooms 5 Unit2 Sq Ft 0 Unit3 Baths 1.0 Unit3 Bedrooms 1 Unit3 Fireplaces 0 Unit3 Levels 1 Unit3 Room Description BedroomsKitchenLiving Room Unit3 Rooms 3 Unit3 Sq Ft 0 Unit4 Appliances Equipment CookelecRefrig Unit4 Baths 1.0 Unit4 Bedrooms 3 Unit4 Fireplaces 0 Unit4 Levels 3 Unit4 Room Description BedroomsKitchenLiving Room Unit4 Rooms 5 Unit4 Sq Ft 0

    Property Features

    Assessment Total 407600 Building Assessment 302000 Easement Unknown Exclusions N/A Farm Assessment No Fha Age Restricted No Fuel Type Oilabin Gross Operating Income 72000 Home Warranty No Land Assessment 105600 Net Operating Income 47600 Sewer Public Sewer Tax Amount 12753 Tax Rate Amount 3.129 Tax Rate Year 2020 Tax Year 2020 Total Operating Expense 24400 Unit Style 2-Two StoryFourplex Unit1 Owner Tenant Pays Owner Pays HeatOwner Pays WaterTenant Pays Electric Unit1 Rent 1050 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays HeatOwner Pays WaterTenant Pays Electric Unit2 Rent 1600 Unit2 Security Deposit 9999 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays HeatOwner Pays WaterTenant Pays Electric Unit3 Rent 1050 Unit3 Security Deposit 9999 Unit4 Handicap Modified No Unit4 Owner Tenant Pays Owner Pays HeatOwner Pays WaterTenant Pays Electric Unit4 Rent 1600 Unit4 Security Deposit 9999 Utilities See Remarks Water Public Water Year Built Description Approximate

    Listing information © 2021 Garden State Multiple Listing Service,LLC.
    Listing provided courtesy of Re/Max Heritage Properties.


    © 2021 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Provident Legacy Real Estate Services, LLC. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Provident Legacy Real Estate Services, LLC are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-05-07T06:51:21.79.
     
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    Bayonne NJ, 07002