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354 S Main St, Wharton Boro, NJ 07885
sale
$1,650,000
|
Other
Courtesy Of Keller Williams Realty Village Square
Discover an unparalleled investment opportunity in the heart of the real estate market! This expansive property, covering over half an acre with 2 separate buildings, stands as one of the largest lots in town. Located in a B-1 Zoning District (Neighborhood Business District), it offers remarkable flexibility and potential. Both buildings have undergone complete renovation and rehabilitation, including new roofs, kitchens, bathrooms, utilities, and more. This ensures a low-maintenance, high-yield investment for years to come. Currently configured with 4 renovated apartments and an office space with full kitchens and bathrooms, the property boasts an impressive income potential exceeding $138,000 annually! We have created comprehensive floor plans and future plans to add 3 additional units to the front building, which has partial approvals. This will allow you to thoroughly explore every aspect of this unique offering. With the potential to expand to 8 units, the gross income could reach an astounding $220,000. This exceptional opportunity, with its strategic location and extensive renovations, ensures a sustainable and profitable investment for discerning investors. Don?t miss out on the chance to secure a prime piece of real estate that promises significant returns and long-term growth. Let?s collaborate to analyze the numbers, align with your goals, and make this exceptional investment opportunity yours today!
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 5
- Cooling System: Multi Units
- Cooling System: Ductless
- Cooling System: Central Air
- Exterior Type: Vinyl Siding
- Floor Covering: Vinyl
- Floor Covering: Laminate
- Floor Covering: Linoleum
- Floor Covering: Tile
- Floor Covering: Carpet
- Floor Covering: Concrete
- Floors: 3
- Heating System: Electric (Heating)
- Heating System: Radiant
- Heating System: Hot Water (Heating)
- Heating System: Forced Air
- Heating System: Other (Heating)
- MLSID: 3911346
- Parking Spaces: 14
- Roof Type: Asphalt
- Roof Type: Shingle
- Rooms: Basement
Directions to This Property
354 S Main St, Wharton Boro, NJ 07885
Demographic Data for 354 S Main St, Wharton Boro, NJ 07885
Average Age
42
Married
50%
Number of Homes
4,735
Homes with Children
34.97%
Occupation Type
Transportation to Work
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