Property

Alpha Boro, NJ 08865 427 E Central Ave

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Presented By: KELLER WILLIAMS REAL ESTATE; 610-867-8888
  • MLS# 3931165
  • 10/24/2024
  • Request Tour
  • Request Info
  • Full/Half Baths • 0 / 5
  • SQFT • 3,122
  • Garage • 5

Home Details

Discover an EXCEPTIONAL INVESTMENT OPPORTUNITY with this Beautifully Newly 2024 REMODELED 5-unit MULTI-FAMILY APARTMENT BUILDING. Ideally situated in DESIRABLE Alpha Boro, this apartment building features 3- 1 Bedroom, 1- 2 Bedroom and 1- 3 Bedroom apartments. With Modern Upgrades throughout, the building boasts a BRAND NEW ROOF, NEW WATER HEATERS, NEW carpet and LVP, updated baths, FRESH PAINT and contemporary kitchens complete with NEW CABINETS, COUNTERTOPS, and STAINLESS-STEEL APPLIANCES. The exterior shines with NEW VINYL SIDING, shutters, and a freshly painted block facade. Enjoy the benefits of a newly installed PAVER PATIO and a stone off-street PARKING LOT, providing ample parking for residents. Each apartment has its OWN ENTRANCE, ensuring privacy and independence. Separate electric meters make for easy management. Utilize the basement for additional storage or coin laundry to maximize profits! This TURNKEY investment property is ready for market-rate tenants, offering a hassle-free opportunity to capitalize on the thriving rental market. Don't miss out on this remarkable property that combines modern living with exceptional curb appeal! Certificate of Occupancy has been completed! Currently 80% leased.
Presented By: KELLER WILLIAMS REAL ESTATE; 610-867-8888

Interior Features for 427 E Central Ave

Bedrooms

Num 4 Bed Units

Bathrooms

Num Units w/Full Bath5
Num Units w/Half Bath
Half Baths5

Other Interior Features

Price Per Sq Ft0.00
Available Sq Ft3122
Num 3 Bdrm Units1
Num 2 Bdrm Units1
Num 1 Bdrm Units3
BasementBilco-Style Door, Full, Unfinished
FlooringCarpeting, Vinyl-Linoleum
Fuel TypeElectric
Total Stories2

General for 427 E Central Ave

ConstructionSee Remarks
CoolingSee Remarks
CountyWarren
DirectionsFrom 22E, take R onto St James Ave, L onto New Brunswick Ave, R onto Hawk Ave, stay on 3rd, L onto E Central Ave, property on Right
Documents AvailableNo Documents Available
DriveGravel, Off-Street Parking, On-Street Parking, Parking Lot-Exclusive
EasementUnknown
Equipment AvailableAppliances, Smoke Detector
Farm AssessmentNo
Garage Spaces5
Gross Income100800
HeatingBaseboard - Electric
Leasable Area
LocationResidential Area
Net Operating Income88970
Num Apts5
Number Of Units Total5
Operating Expense11830
OwnershipFee Simple
Permitted UseResidential/Multi-Family
PossessionNegotiable
Property TypeApartment Complex
Property TypeApartment Complex
RoofAsphalt Shingle
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameNot in a Development
Tax Annual Amount10329
Tax Assessed Value298900
Tax Lot4
Tax Year2023
Town #3002
TownshipAlpha Boro
UtilitiesElectric
Utilities Paid ByTenant
Year Built1880
ZoningR-4

Exterior for 427 E Central Ave

Building Area Total3122
Exterior DescriptionVinyl Siding
Lot Dimensions0.21 75X125
Lot FeaturesLevel Lot
Max Ceiling Height
Max Door Height7
Number of Bays0
Number of Docks0
Total Parking5
Water SourcePublic Water

Additional Details

Price History

YOLANDA CASSIDY-BOGAN

Associate
Price $999,900
MLS#3931165
List Date 10/24/2024
Property Type Commercial
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