31-53 Arch St
High Bridge Boro, NJ 08829
Price: $2,400,000
GSMLS: 3932192Type: Multi-Family
Style: 2-Two Story, Fourplex
Total Units: 4
Beds: 26
Baths: 12 Full
Garage: No
Year Built: 1910
Acres: 2.80
Property Tax: $45,731
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 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
General Info
Style:
2-Two Story, Fourplex
SqFt Building:
n/a
Total Rooms:
50
Basement:
Yes - Crawl Space, Full, Unfinished
Interior:
Carbon Monoxide Detector, Carpeting, Fire Extinguisher, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
n/a
Lot Desc:
Lake/Water View, Open Lot, Wooded Lot
Parking
Garage Capacity:
No
Description:
n/a
Parking:
Blacktop, Common, Off-Street Parking, Parking Lot-Shared
Spaces Available:
24
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Eat-In Kitchen, Laundry Room, Living Room, Pantry, Porch
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dishwasher, Kitchen Exhaust Fan, Range/Oven - Electric, Refrigerator, Stackable Washer/Dryer
Utilities:
Owner Pays Heat, Owner Pays Water, Tenant Pays Electric
Handicap:
No
Unit 2
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Eat-In Kitchen, Laundry Room, Living Room, Pantry, Porch
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dishwasher, Range/Oven - Gas, Refrigerator, Stackable Washer/Dryer
Utilities:
Owner Pays Heat, Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 3
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Eat-In Kitchen, Laundry Room, Living Room, Pantry, Porch
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dishwasher, Dryer, Microwave Oven, Range/Oven - Electric, Refrigerator, Washer
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Heat
Handicap:
No
Unit 4
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Eat-In Kitchen, Laundry Room, Living Room, Pantry, Porch
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dishwasher, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator, Stackable Washer/Dryer
Utilities:
Owner Pays Heat, Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Utilities
Heating:
3 Units, Baseboard - Electric, Baseboard - Hotwater, See Remarks
Heating Fuel:
Electric,OilAbOut,SeeRem
Cooling:
3 Units, Central Air, See Remarks, Window A/C(s)
Water Heater:
Electric
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas-Propane
Services:
Cable TV Available, Garbage Included
School Information
Elementary:
HIGHBRIDGE
Middle:
HIGHBRIDGE
High School:
VOORHEES
Community Information
County:
Hunterdon
Town:
High Bridge Boro
Neighborhood:
n/a
Financial Considerations
List Price:
$2,400,000
Tax Amount:
$45,731
Land Assessment:
$300,300
Build. Assessment:
$1,100,800
Total Assessment:
$1,401,100
Tax Rate:
3.26
Tax Year:
2024
Listing Information
MLS ID:
3932192
List Date:
10-31-2024
Days On Market:
14
Listing Broker:
TURPIN REAL ESTATE, INC.
Listing Agent:
Karen J. Martino
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MorrisCountyLiving.com
