Listing Courtesy of: 908-751-7750 - RICHARD SHAFER - KELLER WILLIAMS REAL ESTATE
908-751-7750
$695,000
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1-3-5-7 MEMORIAL PARKWAY Phillipsburg, NJ 08865
Multi-Family
Residence
9
Beds
7
Baths
Sq. Ft.
0.14
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
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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 prope...rty 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 qualification, the financing options are appealing. Don't miss out on this great investment opportunity! Ask your Realtor today to schedule a tour to see this incredible positive cash-flowing property!
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MLS#
3925089
Property Type
Multi-Family
Bedrooms
9
Bathrooms
7 Full
Lot Size
0.14
Stories
2.0
Sewer
Public Sewer
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