2 Mine St
flemington, NJ 08822-1516$1,199,000
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Highly Profitable 6 Unit Money Maker! Gross Rental Income: $132600. Net Income: $96,600. Cap Rate 8 (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.
Details
5,933 Sq Ft
4,791.6 Sq Ft Exterior Space
Commercial
$22,000 Annual Tax
MLS/Listing ID 3941821
3 Stories
6 Units
Listing Courtesy of RE/MAX COMPETITIVE EDGE, NADEEM QAVI
Source of Data: GARDEN STATE MLS