Mixed Use Store with Apartment – Hackettstown, NJ

Description: This is the sale of a mixed-use Building located on Main St in Hackettstown near intersection of High St and Rt 46 (Main St). This 5700 square foot Hackettstown Investment Property has a 39 by 72 square foot lot, can generate approximately $85,840 annual Income, including 1 retail store/ 4 One-BR Units/ Roof Sign & Roof Antenna’s, prospect income from the roof rental is $34,000/year, from Store is  $18,240/year, from 4 apartments is $36,000/year. 2 Cell Tower leases for the roof and a Bill Board Sign Lease (Sign: AT&T, and T-Mobile Antennas). The 4 One-Bedroom Units need some improvements, estimates the apartment rental at $700 each…tenant pays heat (electric Heat in apartments; store has oil heat); owner pays sewer and water. This property was listed at $700,000 on 07/22/2014 and sold for $710,000 in May, 2015.

15 unit apartment building subdivided into individual condominiums. Each unit has its own block and lot #’s and could be sold separately. The building consists of 5 residential units per floor encompassing the 2nd, 3rd, and 4th floors. The 1st floor commercial unit is excluded from this listing. Each unit is a studio style apartment with private kitchen and full bathroom roughly 315-360 SF in size. An elevator located in the main lobby provides handicap accessibility. No onsite parking is available, although overnight parking in a municipal lot is located less than a block away. There is metered parking on the street. Tenants pay electric which provides for individually metered Heating and Cooling.15 unit apartment building subdivided into individual condominiums. Each unit has its own block and lot #’s and could be sold separately. The building consists of 5 residential units per floor encompassing the 2nd, 3rd, and 4th floors. The 1st floor commercial unit is excluded from this listing. Each unit is a studio style apartment with private kitchen and full bathroom roughly 315-360 SF in size. An elevator located in the main lobby provides handicap accessibility. No onsite parking is available, although overnight parking in a municipal lot is located less than a block away. There is metered parking on the street. Tenants pay electric which provides for individually metered Heating and Cooling.