281 S Main St, Wharton Boro, NJ 07885
sale
$1,900,000
|
Other
Courtesy Of UNITED REAL ESTATE
High Income 6-Unit Investment Property with Garages in Downtown Wharton! This RARE 6-Unit, Multifamily building is a high-performing asset with serious upside. Fully rented and generating six figures in annual income, this property offers a strong return from day one. In one of morris county's most competitive rental markets, where vacancies are rare and rental rates remain top-tier. The building features a mix of 1 to 3 bedrooms units. Included are 6 private garages. A major perk, adding both convenience and extra income potential. For the Value-add Investor, the possibilities are endless: A massive stand-up attic is ready to be converted into additional living space. Full basement can be transformed into a laundry facility, tenant storage, or a shared community area. Large open lot with possibility for expansion. Positioned within walking distance of local restaurants, shops, and daily conveniences, and just minutes from top-rated Wharton schools!! This property is also close to major highways. Offering seamless access for commuters. 5 Newer water heaters installed in 2023! Newer Boiler installed in 2020. Whether you're expanding your portfolio or seeking a stable, income-producing asset in a growing downtown, this is a CANT-MISS OPPORTUNITY in Downtown Wharton. Please ask for 3 minute highlight video TO better see this GEM!!
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Property Features
- Architecture Style: Other
- Building Units: 6
- Exterior Type: Vinyl Siding
- Floors: 3
- Heating System: Steam
- Heating System: Other (Heating)
- MLSID: 3980709
- Roof Type: Asphalt
- Roof Type: Flat
- Roof Type: Shingle
- Rooms: Basement
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