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148 Route 181 24 Unit Apartment Building $2,100,000 ($87,500/Unit) Lake Hopatcong, NJ 07849
Executive Summary
Prime Morris County Lake view development opportunity directly across the street from prominent Lake Hopatcong and one of Lake Hopatcongs largest marinas. C2/C1 zone. Currently 9 buildings/24 units short term rentals w/potential for conversion. Less than 50 miles from NYC. Lake Hopatcong is the largest lake in NJ, over 2600 acres with high demand for full time & short term housing.
Property Facts
| Price | $2,100,000 | Building Class | C |
| Price Per Unit | $87,500 | Lot Size | 1.10 AC |
| Sale Type | Investment | Building Size | 15,000 SF |
| Sale Condition | Redevelopment Project | Average Occupancy | 100% |
| No. Units | 24 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1945 |
| Property Subtype | Apartment | Parking Ratio | 1.4/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | C-2 | ||
| Price | $2,100,000 |
| Price Per Unit | $87,500 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.10 AC |
| Building Size | 15,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1945 |
| Parking Ratio | 1.4/1,000 SF |
| Zoning | C-2 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
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148 Route 181
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