160 Main St | Hackettstown, NJ 07840
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- LoopNet Team
160 Main St
Hackettstown, NJ 07840
Mixed Use w/ High CAP Upside in Hackettstown · Multifamily Property For Sale
·
5 Units
INVESTMENT HIGHLIGHTS
- This fully rented, mixed-use retail and residential property provides an income producing investment with additional growth potential.
- Currently, the property rents below the market average, providing the room to raise rents, with no rent control in Hackettstown.
- Building offers huge residential units with high ceilings and a unit mix that includes three 1BR and one 2BR apartments.
- Prime location places the property within walking distance of Downtown and the train station, connecting to NJ Transit lines and New York City.
- Additionally, there is the upside to converting the property into 6-8 smaller apartments to grow the number of units and increase revenue.
- Public water and public sewer are paid by the landlord, with the tenant covering all other utilities.
PROPERTY FACTS
| No. Units | 5 | Lot Size | 0.10 AC |
| Property Type | Multifamily | Building Size | 8,400 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1900 |
| Building Class | C | ||
| Zoning | TCC | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 8,400 SF |
| No. Stories | 1 |
| Year Built | 1900 |
| Zoning | TCC |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 08-00075-0000-00003 | Improvements Assessment | $473,000 |
| Land Assessment | $152,000 | Total Assessment | $625,000 |
PROPERTY TAXES
Parcel Number
08-00075-0000-00003
Land Assessment
$152,000
Improvements Assessment
$473,000
Total Assessment
$625,000
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