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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