823827 State Route 57 Active Save Request In-Person Tour Request Virtual Tour
Greenwich,NJ 08323
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 22419286
Annual Tax Amount $20,921
Tax Year 2023
Lot Size 1.290 Acres
Property Description
This very unique Mixed-Use property was acquired by its current Owner's over a period of 8 years and who purchased these as three separate parcels that create the sum of the whole, that is now being offered for sale as a complete package. Located on highly visible Route 57 is where you will find the first of these three parcels that consists of a Building with Retail space on the first floor, 3 Bedroom Apartment above and a parking lot that also services the 5 Unit Motel. The second and third parcels share an access Easement along the left side that leads to the two Single Family Homes with the one located to the rear left featuring 2 Bedrooms, full Bath and a basement, while the one to the rear right features 4 Bedrooms, full Bath and 2 car Garage. Seller's represent receiving Gross Income of $99,600.00, Annual Expenses of $37,728.00, resulting in Net Operating Income of $61,872.00 and a Capitalization Rate of 5.1% at the current asking price.
Location
State NJ
County Warren
Area None
Interior
Heating Baseboard,Forced Air
Cooling Central Air,Window Unit(s)
Exterior
Garage On Site,Public Lot
Garage Spaces 2.0
Amenities Available Landscaping
Building
Sewer Septic Tank
Water Well
New Construction No