Homes for sale - 31-53 Arch St, High Bridge Boro, NJ 08829

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$2,400,000

Est. payment - /mo

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11,250 SqFt

Active

31-53 Arch St High Bridge Boro, NJ 08829

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Christina "Chrissy Keys" Gelpi

chrissy@chrissykeys.com +1(732) 485-9393

UPDATED:

11/13/2024 12:04 AM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 11,250 sqft

Price per Sqft $213

MLS Listing ID 3932187

Year Built 1910

Annual Tax Amount $45,731

Tax Year 2024

Lot Size 2.800 Acres

Property Description

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 Multi-Family MLS# 3932192

Location

State NJ

County Hunterdon

Zoning R-3

Rooms

Basement Crawl Space, Full

Interior

Heating Electric, OilAbOut

Cooling Central Air, No Cool

Flooring Carpeting, Tile, Vinyl-Linoleum

Equipment Appliances, Exhaust System, Kitchen Area, Restrooms - Private, Smoke Detector, Storage Area(s)

Heat Source Electric, OilAbOut

Exterior

Exterior Feature Vinyl Siding

Garage Spaces 30.0

Utilities Available Electric, Gas-Propane

Roof Type Asphalt Shingle

Building

Lot Description Lake/Water View, Open Lot, Wooded Lot

Story 2

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Listed by TURPIN REAL ESTATE, INC.

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Christina "Chrissy Keys" Gelpi

Agent | License ID: 1329223

+1(732) 485-9393