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.
|--||New Value: $599,000|
|9/14/2021 6:16:00 PM||New Value: $599,000|