5 Apartments (Four 2 BR/1BA and One 3 BR/1BA)
5 Retail Units with 4 Tenants (One Tenant rents a double space)
The apartments are mostly large 2 Bedroom units as well as a recently updated 3 BR unit. Recent roof replacement
as well as exterior painting. Some of the 2 BR apartments could be updated and rents increased. Large Parking Lot.
The three current retail tenants all have new two and three year leases, there is one recently vacated retail
space that would provide immediate rent upside for a new owner.
Commercial Tenants pay for all of their own utilities. Landlord pays water/sewer for residential tenants
the rest of the utilities/heat are paid by tenants. Public water and sewer.
Newton is the county seat of Sussex County and home to Newton Memorial Hospital, Thor Labs,
Sussex County Community College and a number of big box retail stores ensuring a steady stream of potential renters.
There is no rent control in Newton.
Please contract Marc for Income and Expenses.