Property
Jefferson Twp., NJ 07438 16 E Elro Dr
$850,000
7 more
Presented By: REALTY EXECUTIVES EXCEPTIONAL; 973-903-5917
Full/Half Baths • 0 / 5
Home Details
5 Unit multi-family property offering 3 standalone structures -- 16 E Elro, 18 E Elro and 20 E Elro. The 16 E Elro 2-family, lakeview property consists of a 1 BR, 1-bath unit on the 1st floor and a 2-BR, 1-Bath unit on the 2nd floor. 18 E Elro is a stand-alone cottage with an open floor plan and 1-bath. 20 E Elro is a side-by-side, 2-family dwelling with 1-BR and 1-Bath unit on each side. These 3 structures offer a terrific and rare investment opportunity. When fully rented, the annual gross income is over $66,500, annual expenses are approximately $12,500 for an. All dwellings are on one lot as per seller.
Presented By: REALTY EXECUTIVES EXCEPTIONAL; 973-903-5917
Interior Features for 16 E Elro Dr
Bathrooms
Half Baths5
Other Interior Features
Price Per Sq Ft0.00
Available Sq Ft0
FlooringLaminate
Fuel TypeElectric, GasPropL, OilAbOut
Total Stories1
General for 16 E Elro Dr
Building #16
ConstructionSee Remarks
CoolingNo Cool
CountyMorris
Days on Market755
DirectionsBerkshire Valley Rd To Elro
Documents AvailableSee Remarks
DriveDirt
EasementUnknown
Equipment AvailableAppliances, Fixtures
Farm AssessmentNo
Gross Income66500
Heating1 Unit
Leasable Area
LocationResidential Area
Net Operating Income54000
Operating Expense12500
OwnerPaysNo Utilities
Percent OwnershipFee Simple
PossessionAt Closing
Property TypeSee Remarks
Property TypeSee Remarks
RoofAsphalt Shingle
SewerSeptic
Standard StatusActive
StatusActive
Street NameE Elro Dr
Tax Annual Amount7979
Tax Assessed Value285600
Tax Lot22
Tax Year2021
Tenant PaysCable T.V., Electric, Gas, Heat, Hot Water, Oil
Total Units5
Town #2314
TownshipJefferson Twp.
UtilitiesElectric, Gas-Propane
Utilities Paid ByTenant
Year Built1960
Zoningr
Exterior for 16 E Elro Dr
Building Area Total
Exterior DescriptionWood
Lot Dimensions0.337 AC
Lot FeaturesCorner, Lake/Water View, Open Lot
Lot Size Acres0.34
Max Ceiling Height8
Max Door Height8
Number of Bays0
Number of Docks0
Water SourceWell
Additional Details
Price History
Jonathan Damas
Associate