Property
Phillipsburg Town, NJ 08865 405 S Main St
$350,000
2 more
Presented By: BETTER HOMES & GARDENS PORCHLIGHT; 973-383-8989
Beds • 2
Baths • 2
Home Details
Welcome to 405-407 South Main Street in Downtown Phillipsburg. This property is mixed use - lower unit is retail, upper is residential. The whole building has been renovated top to bottom and is fully rented. All utilities are separated except for water/sewer - separate electric and separate gas. Retail/street level unit is approx 2000 sq ft, new steel framing, sheet rock, ADA compliant bathroom, flooring, electrical, lighting, fire monitoring system and drop ceiling. Attached is the storage space, currently rented by Retail Tenant. Upstairs, unit was fully painted, appliances replaced, Hardwood floors in living area and bedrooms sanded and stained, LVP installed in hallway and kitchen, bottom kitchen cabinets replaced and bathroom plumbing redone. Forced Hot Air downstairs, Baseboard Hot water Upstairs. New AC unit, new gas furnace, and instant hot water heater installed for retail unit. Residential tenant has 2 year lease from October of 2024. Retail Tenant has 3 yr with extensions from July 2024. Garbage removal included in taxes, parking permits available through town.
Presented By: BETTER HOMES & GARDENS PORCHLIGHT; 973-383-8989
Interior Features for 405 S Main St
Bedrooms
Total Bedrooms2
Unit 1 Beds Total
Unit 2 Beds Total2
Bathrooms
Half Baths0
Unit 1 Baths Total1.0
Unit 2 Baths Total1.0
Other Interior Features
Unit 1 Sq Ft2000
Unit 2 Sq Ft900
Unit 1 Levels1
Unit 2 Levels2
Unit 3 Levels0
UnitType1TotalRent2100
UnitType2TotalRent1400
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipCarbon Monoxide Detector, Fire Alarm System, See Remarks, Smoke Detector
Unit 2 Appl/EquipCarbon Monoxide Detector, Fire Alarm System, Range/Oven - Electric, Refrigerator, Smoke Detector
BasementUnfinished
Fuel TypeGas-Natural
Other Rooms
Unit 2 Rooms5
Unit 1 Rooms3
Unit 1 Room DescriptionSee Remarks
Unit 2 Room DescriptionAttic, Bedrooms, Eat-In Kitchen, Living Room
General for 405 S Main St
Architectural StyleSee Remarks
CoolingCentral Air, Wall A/C Unit(s)
CountyWarren
DirectionsSouth Main Street to 405-407. Across from Car Shop on the corner of Fox.
DriveNone
EasementUnknown
Full Baths2
Gross Income38000
HeatingBaseboard - Hotwater, Forced Hot Air
Net Operating Income16000
Number Of Units Total2
Open Parking Spaces
Operating Expense22000
Possessionat closing
RoofFlat
ServicesCable TV Available, Garbage Included
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount8740
Tax Assessed Value192300
Tax Lot13
Tax Year2024
Total Rooms8
Town #3019
TownshipPhillipsburg Town
UtilitiesElectric, Gas-Natural
Water HeaterSee Remarks
Year Built1900
Exterior for 405 S Main St
Exterior DescriptionCinder Block, Vinyl Siding
Lot Dimensions.057 ACRE
Lot Size Acres0.06
Water SourcePublic Water
Additional Details
Price History
Aneesa Khan
Associate