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1-3-5-7 Memorial Parkway
Phillipsburg Town NJ 08865-1284 US

$695,000

Pending Listing ID 3925092
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Lot: 0.14 Acres
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Other

$695,000

Pending Listing ID 3925092
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1-3-5-7 Memorial Parkway Looking for a solid investment in a prime location? This fully leased 7-unit multi-family gem is minutes away from Phillipsburg Shopping, Easton's Upscale Restaurants, and annual vibrant themed festivals, making it a hotspot for tenants! With an impressive 8.52% cap rate and an 11.9% GRM, this property offers incredible income potential. Each of the 7 units boasts cozy living spaces with plenty of charm. Plus, the tenants stay an average of over 5 years! That's stability you can count on. Located on a corner lot with convenient private off-street parking, making it even more attractive to renters. To top it off, over $50, 000 in improvements have been made in the last two years, including a new roof and the replacement of two boilers. Whether you're a seasoned investor or just starting out, this property checks all the boxes. With public transportation, major highways, and Lafayette College in Easton nearby, this location can't be beaten. Plus, with the potential for DSCR loan qualification, the financing options are appealing. Don't miss out on this great investment opportunity! Ask your Realtor today to schedule a tour to see this incredible positive cash-flowing property!

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Property Features

  • Facts
  • Lot Size: 0.14 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Floor Covering: Carpet, Laminate, Linoleum, Vinyl
  • Roof Type: Asphalt, Shingle
  • Heating Fuels: Baseboard

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 695000
  • unparsedaddress: 1-3-5-7 Memorial Parkway
  • postalcity: Phillipsburg Town
  • stateorprovince: NJ
  • country: US
  • postalcode: 08865-1284
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.14
  • lotsizeunits: Acres
  • lotsizearea: 0.14
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 40.69716
  • longitude: -75.19606
  • listagentfullname: RICHARD SHAFER
  • listagentemail: Richard@RichKatHomes.com
  • listagentkey: 3yd-GSMLSNJ-397629
  • listagentmlsid: 397629
  • listagentpreferredphone: 9087517750
  • listagentofficephone: 9087517750
  • listofficekey: 3yd-GSMLSNJ-4886
  • listofficemlsid: 4886
  • disclaimer: Copyright © 2024 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: GSMLSNJ
  • listingcontractdate: 2024-09-20
  • listagenturl: https://kellerwilliamsclinton.com
  • countyorparish: Warren
  • constructionmaterials: Vinyl Siding
  • flooring: Carpet, Laminate, Linoleum, Vinyl
  • heating: Baseboard
  • numberofunitstotal: 7
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 8
  • roof: Asphalt, Shingle
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • architecturalstyle: Other
  • rooms: Basement
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -75.19606, 40.69716
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Keller Williams Real Estate", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"frontdesk992@kw.com", "ListBrokerageCity":"Clinton", "ListBrokerageCountry":"US", "ListBrokerageEmail":"frontdesk992@kw.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Keller Williams Real Estate", "ListBrokeragePhone":"908-751-7750", "ListBrokeragePostalCode":"08809", "ListBrokerageStateOrProvince":"NJ", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"120 Main Street", "ListBrokerageWebsiteUrl":"https://kellerwilliamsclinton.com", "ListOfficeAddress1":"120 WEST MAIN STREET", "ListOfficeAddress2":", ", "ListOfficeBrokerMlsId":"252132", "ListOfficeCity":"CLINTON", "ListOfficeCountry":"US", "ListOfficeEmail":"frontdesk992@kw.com", "ListOfficePostalCode":"08809", "ListOfficeStateOrProvince":"NJ", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial - Phillipsburg Town, NJ", "ListingURL":"https://listings.listhub.net/pages/GSMLSNJ/3925092/?channel=rexren", "MLSModificationTimestamp":"2024-10-22T15:57:18Z", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":14169, "TaxDescription":null, "TaxYear":"2023"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 11/8/2024 8:43:08 AM GMT
Source Updated Date: 11/24/2024 6:57:30 AM GMT

Courtesy of: RICHARD SHAFER, KELLER WILLIAMS REAL ESTATE, Richard@RichKatHomes.com

Copyright © 2024 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.