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- LoopNet Team
16 Main St
Franklin, NJ 07416
19 Luxury Units · Multifamily Property For Sale
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19 Units
PROPERTY FACTS
| No. Units | 19 | Lot Size | 4.33 AC |
| Property Type | Multifamily | Building Size | 46,692 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Townhome | Year Built | 2014 |
| Building Class | B | ||
| Zoning | R-01 | ||
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 4.33 AC |
| Building Size | 46,692 SF |
| No. Stories | 3 |
| Year Built | 2014 |
| Zoning | R-01 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Microwave
- Washer/Dryer
- Heating
- Security System
- Bay Window
- Crown Molding
- Kitchen
- Granite Countertops
- Hardwood Floors
- Vaulted Ceiling
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Basement
- Dock
ABOUT 16 MAIN ST , FRANKLIN, NJ 07416
16 Main is a Townhome development of 19 luxury units in Franklin. 7- UNITS are Built (BUILDING -A) , 12 More TO BE BUILT - FULL APPROVALS ARE IN PLACE. All underground utility infrastructure has been completed. Fantastic demand for current units with Waiting List. Most luxurious rentals in Sussex County - Less than 1 hour to Manhattan and Newark Airport. The 1st Phase was oversubscribed and was fully occupied in less than 2 weeks with rental rates exceeding $2,300 Per Unit. Town Sewer and Water. Inquire for financial model and existing cash flow. All Utilities are Separately Metered to the tenants. All Engineering, Infrastructure, and Building Plans are completely Finished - Purchase would only need to pull permits and build 12 more units.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+3 | 19 | $2,175 | 2,000 - 2,200 |
PROPERTY TAXES
| Parcel Number | 06-01302-0000-00002 | Improvements Assessment | $3,220,400 |
| Land Assessment | $1,200,000 | Total Assessment | $4,420,400 |
PROPERTY TAXES
