354 S Main St Active Save Request In-Person Tour Request Virtual Tour
Wharton Boro,NJ 07885
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 25,199 sqft
Price per Sqft $65
MLS Listing ID 3911346
Year Built 1900
Annual Tax Amount $20,230
Tax Year 2023
Lot Size 0.570 Acres
Property Sub-Type Mixed Use
Property Description
Discover an unparalleled investment opportunity in the heart of the real estate market! This expansive property, covering over half an acre with 2 separate buildings, stands as one of the largest lots in town. Located in a B-1 Zoning District (Neighborhood Business District), it offers remarkable flexibility and potential. Both buildings have undergone complete renovation and rehabilitation, including new roofs, kitchens, bathrooms, utilities, and more. This ensures a low-maintenance, high-yield investment for years to come. Currently configured with 4 renovated apartments and an office space with full kitchens and bathrooms, the property boasts an impressive income potential exceeding $138,000 annually! We have created comprehensive floor plans and future plans to add 3 additional units to the front building, which has partial approvals. This will allow you to thoroughly explore every aspect of this unique offering. With the potential to expand to 8 units, the gross income could reach an astounding $220,000. This exceptional opportunity, with its strategic location and extensive renovations, ensures a sustainable and profitable investment for discerning investors. Don?t miss out on the chance to secure a prime piece of real estate that promises significant returns and long-term growth. Let?s collaborate to analyze the numbers, align with your goals, and make this exceptional investment opportunity yours today!
Location
State NJ
County Morris
Zoning Mixed
Interior
Heating Gas-Natural
Cooling 4+ Units, Central Air, Ductless Split AC
Flooring Carpeting, Concrete, Laminate, Tile, Vinyl-Linoleum
Equipment Appliances, Fire Alarm, Handicapped Access, Kitchen Area, Restrooms - Private, Security System, Smoke Detector, Storage Area(s)
Exterior
Exterior Feature Vinyl Siding
Garage Spaces 14.0
Utilities Available Electric, Gas-Natural
Roof Type Asphalt Shingle
Building
Lot Description Level Lot, Possible Subdivision
Story 3
Sewer Public Sewer
Water Public Water