74 E PROSPECT ST $599,000



    • 0 Beds
    • 0 Baths
    • 2,068 sq. ft.
    • Multi-Family
    • MLS# NJME2005002
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    Views: 22 Days On Site: 12

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    Property Details

    Description Tours

    Lucrative 3-Unit Investment Property with potential for development of additional lot in high-demand Hopewell Borough, just a few blocks from Brick Farm Market, shops and restaurants. Two-family dutch colonial house with separate detached cottage in the back , PLUS an additional lot with a 2 car garage with possible potential to subdivide and possibly build. Main house includes two 2-bedroom apartments, each with its own furnace and hot water heater. 1st floor apt. is sprawling and features 2 bedrooms, an extra office space, large living room with fireplace, dining room, and sunporch. 2nd floor apt. has 2 bedrooms, cedar closets, large kitchen, bathroom with tub, and living room. 2nd bedroom has access to the attic which can be used for extra storage space or could be turned into a study. Both apartments have access to laundry and storage in the basement. Large backyard for play. The back cottage includes 2 beds/1 bath. All units have access to large side additional lot and ample parking. Unit 1: $1600/Month Rent, month to month lease. Unit 2: Projected $1600/Month Rent, month to month lease. Unit 3 Cottage: $950/Month Rent, month to month lease. All tenants pay for their own utilities. Owners pays water, sewer, insurance and taxes. Furnaces replaced 2016. 3 Hot water heaters replaced 2015-2018. Extra lot (72 E. Prospect St) is 50 X 158, potential to subdivide and build would require variance relief from the zoning board of adjustment. The off-street parking currently provided by additional lot would need to be made up on the main house lot.

    • General Features
      • County MERCER
      • Municipality HOPEWELL BORO
      • New Construction Y/N N
      • Pool No Pool
      • Sale Type Standard
      • Tax Annual Amount 12599.00
      • Tax Year 2020
      • Water Access Y/N N
      • Waterfront Y/N N
      • Year Built 1935
      • Zoning R75P
    • Building Features
      • Basement Type Full, Unfinished
      • Building Units Total 3
      • Cooling Fuel None
      • Cooling Type None
      • Electric Service 100 Amp Service
      • Exterior Features Sidewalks, Street Lights
      • Fireplaces Count 1
      • Flooring Type Wood
      • Foundation Details Brick/Mortar
      • Garage Spaces Count 2.00
      • Garage Type Garage - Front Entry
      • Garage Y/N Y
      • Heating Fuel Natural Gas
      • Heating Type Hot Water
      • Roof Pitched
      • Sewer Septic Public Sewer
      • Style Other
      • Total Garage And Parking Spaces 6
      • Total Living Area 2068
    • Property Features
      • Lot Features Open
      • Lot Size Acres 0.22
      • Lot Size Dimensions 60.00 x 158.00
    • Schools



    08525 (HOPEWELL) Demographics

    47 Median Age
    224 Population Density (per sq. mile)
    63% College Educated
    $122,525 Estimated Median Income
    1,609 Estimated Total Home Owners
    346 Estimated Total Renters
    82% / 18% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    4,965 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $590,000 Median Sales Price
    8 Homes Sold
    6 New On Market

    Average Days on Site

      Properties for Sale

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        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $599,000
        9/14/2021 6:16:00 PM New in Database Source: Multiple Listing Service New Value: $599,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.