1 Memorial Parkway
Description
Looking for a solid investment in a prime location? This fully leased 7-unit multi-family gem is minutes away from Phillipsburg Shopping, Easton's Upscale Restaurants, and annual vibrant themed festivals, making it a hotspot for tenants! With an impressive 8.52% cap rate and an 11.9% GRM, this property offers incredible income potential. Each of the 7 units boasts cozy living spaces with plenty of charm. Plus, the tenants stay an average of over 5 years! That's stability you can count on. Located on a corner lot with convenient private off-street parking, making it even more attractive to renters. To top it off, over $50,000 in improvements have been made in the last two years, including a new roof and the replacement of two boilers. Whether you're a seasoned investor or just starting out, this property checks all the boxes. With public transportation, major highways, and Lafayette College in Easton nearby, this location can't be beaten. Plus, with the potential for DSCR loan qualifica
$695,000
| Type: | Residential |
| Built: | 0 |
| County: | Warren |
| Area: | Phillipsburg Town |
| Listing Office: | KELLER WILLIAMS REAL ESTATE |
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Exterior Features
| Approximate Lot Size | 0.140 |
| Exterior Description | |
| Garage Description | |
| Parking Driveway Description | |
| Style |
Interior Features
| Appliances | |
| Basement | Unfinished |
| Cooling | Ceiling Fan |
| Heating | Gas-Natural |
| Dining Area(s) | |
| Fireplace | |
| Number of Rooms |
Property Features
| Sewer | Public Sewer |
| Sub Property Type | |
| Taxes | $14,169.00 |
| Municipal Tax ID | |
| Utilities | Electric, Gas-Natural |
| Water | Public Water |
| Year Built Description | Unknown |
| Square Footage | |
| Cost per Square Foot |
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