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2105 State Route 31 1,944 SF Specialty Building Offered at $386,900 at a 8.14% Cap Rate in Glen Gardner, NJ 08826

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EXECUTIVE SUMMARY

Welcome to "Glen Gable", c.a. 1850 and lovingly maintained over the years. The Queen Anne Grande Dame stands proudly high up and away from the road with its Period asymmetrical facade, the tower graced by bay windows front gable and an abundance of Period details,both outside and inside. Enter the= circular driveway, ease into its large front porch, a staple of the Victorian Era. Currently set up as a multi-unit with a high return on investment, this property offers many other possibilities, from mother-daughter, to a mixed-use application of work/living or can easily be re-converted into a large single home, with 4 bedrooms, 2 full baths via a "secret staircase". Unit 1 has an open foyer with an ornamental Period fireplace, living room with two sets of original pocket doors leading to the kitchen and bath, with access to the side porch. Full unfinished basement with stone foundation provides ample storage and laundry area. Unit 2 has its private entrance, 2 bedrooms, 1 bath, sunny living room, kitchen with pantry, laundry room and shares the front porch. There is a large attic space on the third floor. The sale includes a 2nd parcel now under same tax ID. Possibility to join adjacent land in the back can be considered Easy access to major highways, I 78 and public transportation, NYC destination via train and bus. Close to o Ken Lockwood Wildlife Preserve and Spruce Run Recreation Area. Located in the acclaimed Clinton Township School Sytem. Additional information upon request.

ATTACHMENTS

2105 rT 31 FINANCIAL PRO-FORMA

PROPERTY FACTS

Price $386,900
Price Per SF $199.02
Sale Type Investment
Cap Rate 8.14%
Property Type Specialty
Property Subtype Residential Income
Lot Size 0.55 AC
Building Size 1,944 SF
No. Stories 2
Year Built 1850
Parking Ratio 4.12/1,000 SF
  • Listing ID: 35026729

  • Date on Market: 3/5/2025

  • Last Updated:

  • Address: 2105 State Route 31, Glen Gardner, NJ 08826

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