125 Main St, Flemington, NJ 08822

6 Unit Apartment Building | $1,199,999 ($200,000/Unit) | 8.58% Cap Rate | Flemington, NJ 08822

Asking Price $1,199,999

Property Type: Multifamily
Square Feet: 5,933 SF

Listing Contacts

Property Info

Property Overview

Highly Profitable 6 Unit Money Maker! Gross Rental Income: $135,000. Net Income: $103,000. Cap Rate 8.60 (P&L Attached). In the heart of Flemington Main St amongst cafes & restaurants. Only a block from the County Courthouse & Historic Union Hotel which is been renovated into a 100 room hotel & newly developing upscale townhomes & apartments. Great safe neighborhood seeing tremendous growth year over year. This investment property on the corner of Main St & Mine St consists of 4 Apartments & 2 Storefronts. Tenants pay heat, hot water & sewer. Perfect Opportunity for 1031 Exchange & Investors looking for cash flow.

Property Details

Class: C
Year Built: 1910
Stories: 3
Property Subtype: Storefront Retail/Residential
Lot Size (sq. ft): 3,049 SF
Units: 6

Highlights

6 Unit Bldg ( 4 Apartment + 2 Storefronts).
Highly profitable with Gross Rents $135000 & Net Income $103,000
Cap Rate 8.60
1 Block from the 100 Room Union Hotel & Courthouse Redevelopment Project.
Tenants pay heat, hot water & sewer.
Located on the Corner of Main St & Mine St, in the heart of Flemington amongst Cafes & Restaurants.

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