NJ > Wharton Boro
Wharton Boro, NJ 07885,354 S Main St
Wharton Boro, NJ 07885,354 S Main St
Wharton Boro, NJ 07885,354 S Main St
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Garima Verma

Garima Verma

+1(917) 836-1462
$1,650,000
Est. payment /mo
25,199 SqFt
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UPDATED:

07/03/2024 05:25 PM

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 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

Rooms

Basement Full, Storage, Unfinished

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)

Heat Source Gas-Natural

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

Others

Ownership Fee Simple

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Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by KELLER WILLIAMS VILLAGE SQUARE

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Garima Verma

+1(917) 836-1462

Broker / Owner | License ID: 1859462

Broker / Owner License ID: 1859462

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