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Ringoes,NJ 08551
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 10,705 sqft
Price per Sqft $317
MLS Listing ID NJHT2003344
Year Built 2015
Annual Tax Amount $30,310
Tax Year 2022
Lot Size 2.010 Acres
Property Description
Exceptional Investment Opportunity! This well-maintained apartment building, built in 2015, sits on approximately 2 acres and features 13 thoughtfully designed apartments (12 in the Main Building and 1 in the Carriage House). With a mix of 6 one-bedroom and 6 two-bedroom units. Crafted with quality materials, including maple wood floors, Anderson windows, and Corian countertops, providing modern living spaces. Designed as a green building, it offers a low carbon footprint, benefiting both the environment and tenant costs. Each unit features a kitchen, living room, full bath with some units having private balconies or porches. The 9-foot ceilings create an airy feel, while carpeted hallways and double sheetrock walls enhance sound control. Four units are handicapped accessible, promoting inclusivity for all residents. The building includes an alarm and fire sprinkler system, along with a Swiftkey lock system for added security. A 2590-gallon water tank in the basement ensures fire prevention. Enjoy ample off-street parking, a coin-operated laundry area in the basement, and Wi-Fi throughout. Additionally, 2 EV car chargers support electric vehicle use. Located in a scenic rural area, this property offers tranquility while being commutable to Princeton, Flemington, and Lambertville. This property generates over $291,000 in gross rental income annually. A dedicated property manager ensures a well-maintained and thriving space. Don't miss this investment opportunity!
Location
State NJ
County Hunterdon
Area East Amwell Twp (21008)
Zoning VAL
Interior
Hot Water Instant Hot Water
Heating Baseboard - Electric,Wall Unit
Cooling Ductless/Mini-Split
Flooring Ceramic Tile,Hardwood
Inclusions All Appliances in the apartment units. The large Generator. All equipment necessary to maintenance the apartment building
Exterior
Garage Spaces 20.0
Utilities Available Electric Available,Sewer Available,Cable TV,Water Available
Waterfront N
Water Access N
View Trees/Woods
Roof Type Flat,Rubber
Building
Lot Description Rural
Sewer On Site Septic
Water Well
New Construction N
Schools
Elementary Schools East Amwell Township School
Middle Schools East Amwell Township School
High Schools Hunterdon Central
School District East Amwell Township Public Schools
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard