160 Main St - Apartments FOR SALE
Hackettstown, NJ 07840 |
160 Main St
Hackettstown, NJ 07840
HIGHLIGHTS
- This fully rented, mixed-use retail and residential property provides an income producing investment with additional growth potential.
- Prime location places the property within walking distance of Downtown and the train station, connecting to NJ Transit lines and New York City.
- Currently, the property rents below the market average, providing the room to raise rents, with no rent control in Hackettstown.
- Additionally, there is the upside to converting the property into 6-8 smaller apartments to grow the number of units and increase revenue.
- Building offers huge residential units with high ceilings and a unit mix that includes three 1BR and one 2BR apartments.
- Public water and public sewer are paid by the landlord, with the tenant covering all other utilities.
FOR SALE DETAILS
PRICE
-
# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Mixed Use w/ High CAP Upside in Hackettstown
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
8400
STORIES
1
YEAR BUILT
1900
PARKING SPACES
-
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
08-00075-0000-00003
