42 Pond School Rd - Apartments FOR SALE


Sussex, NJ 07461
$829,900 USD
862-354-1822
42 Pond School Rd, Sussex, NJ for Sale
$829,900 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

42 Pond School Rd
Sussex, NJ 07461


HIGHLIGHTS

  • Subdividable
  • Farm-Assessed - Low Taxes!
  • Perfect for rental income + Agritourism

OVERVIEW

Unique opportunity to own a 2-family property with functional farm on 13.06 acres in beautiful Wantage, New Jersey. Equally well-suited for owner-occupants or investors, this 4,790 SQFT (approx.) duplex-style home features two spacious units with separate entrances, individual 200-amp electric meters, shared oil-fired Buderus 5-zone heating system (2017) and three supplemental stoves (2 pellet, 1 wood-burning). Both units share access to expansive decks, a yard with an above-ground pool, and multiple outbuildings for animals or storage. An oversized 2-bay barn with new electric (200 amp) makes this a perfect setup for agri-business, horse boarding, or workshops. Bonus: The solar + battery system (10.25kW + 27kWh) is under an OPTIONABLE transferable contract, providing up to 85% utility offset. Solar system can also be removed. Located in a tranquil setting across from privately owned land, yet minutes to town conveniences. Subdivision potential, income from increasing farm operations and renting mother/daughter units further enhance the upside. A unique blend of lifestyle and investment!

FOR SALE DETAILS

PRICE

$829,900 USD

PRICE/SF

$174 USD /SF

# OF UNITS

2

PRICE/UNIT

$414,950

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Duplex with Solar Power, 13 AC, Agritourism

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1890

PARKING SPACES

-

LAND DETAILS

LAND ACRES

13.06 AC

LAND SF

568,894 SF

ZONING

R-5

APN/PARCEL ID

24-00013-0000-00002-02

ASK ABOUT THIS PROPERTY

Clay PannaschFairclough RealtorsMore Info
862-354-1822

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Clay PannaschFairclough RealtorsMore Info
862-354-1822

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.