354 South Main Street Active Save Request In-Person Tour Request Virtual Tour
Wharton Borough,NJ 07885
Key Details
Property Type Single Family Home
Sub Type Res/Com Mixed
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24021309
Style Res/Com Mixed
Annual Tax Amount $20,230
Property Description
Discover an unparalleled investment opportunity in the heart of the real estate market! This expansive property, covering over half an acre with two separate buildings, stands as one of the largest lots in town. Located in a B-1 Zoning District (Neighborhood Business District), it offers remarkable flexibility and potential. Both buildings have undergone complete renovation and rehabilitation, including new roofs, kitchens, bathrooms, utilities, and more. This ensures a low-maintenance, high-yield investment for years to come. Currently configured with four renovated apartments and an office space with full kithchen and bathrooms, the property boasts an impressive income potential exceeding $138,000 annually! We have created comprehensive floor plans and future plans to add three additional units to the front building, which has partial approvals. This will allow you to thoroughly explore every aspect of this unique offering. Potential to 8 units and gross income of $220,000!
Location
State NJ
County Morris
Area Wharton Borough
Exterior
Utilities Available A/C,Gas,Munincipal Water,Sewer
Roof Type Asphalt,Peaked
Building
Architectural Style Othr/Apt