Active
31-53 Arch St
High Bridge Boro, 08829
$2,400,000
Active
26 Beds
12 Baths
Multi-family
Built in 1910
An exceptionally rare investment opportunity in Hunterdon County consists of three residential buildings, each with four units, housing a total of 12 apartments. These well-maintained apartment buildings sit on 2.8 picturesque acres in High Bridge. Currently netting approx. $140k in annual income with the potential for even more, it represents a solid investment with a steady cash flow, long-term tenants, and some below-market rate rentals for an exceptional opportunity. All units have spacious living rooms, expansive and updated eat-in kitchens, full updated baths and a laundry in each unit. Ten units have two bedrooms and two units offer three bedrooms. Four units have full basements. Located in a scenic rural area, the units also offer decks and/or patios and front porches for warm weather enjoyment. Each unit has two spaces for off-street parking, public water and sewer. This central location is minutes to train and bus stations as well as Routes 78, 22 and 31 for commuters. The area also provides a variety of local dining, shopping, recreational activities and top-rated schools, enhancing this unique investment opportunity. Also see Commercial MLS# 3932187
3932192
MLSⓇ ID
October 31, 2024
Listed
November 22, 2024
Updated
Map
31-53 Arch St
High Bridge Boro, 08829
Interior Features
Total Stories
2
Bedrooms
26
Total Bathrooms
12
Full Bathrooms
12
Interior Features
Carpet, Tile, Vinyl
Appliances
Electric Water Heater
Floor Description
Carpet, Tile, Vinyl
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Baseboard, Electric, Oil
Exterior/Building Features
Lot Size
2.8 Acres
Lot Features
Wooded
Architectual Style
2-Two Story, Fourplex
Roof
Asphalt
Sewer
Public Sewer
School Information
High School
VOORHEES
Elementary School
HIGHBRIDGE
Other Property Details
Taxes
$45,731
Tax Frequency
Annually
Days on Market
12
Garage
No
Parking
Off Street
View
Yes
View Description
Lake
County
Hunterdon
Water Source
Public
Pool
No
Zoning
R-3
Courtesy of TURPIN REAL ESTATE, INC. with KAREN J. MARTINO,
Listing Contact:
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