Investment Opportunity is in a great location near schools, shopping and restaurants. This 2-family property offers a main house with 3 Bedrooms and a 1-bedroom apartment with a separate entrance on the side of the home. This is a Great Opportunity for a buyer looking to live and earn rental income. Both units are Vacant.More pictures to come.
Property offers a 2 family home plus a separate ranch home. It had been previously approved for a 28 townhome project each with 2,545 sq. ft. However due to changes in zoning, D&R requirements yield may have changed. Buyer responsible for Engineering and due diligence to determine yield. Existing homes have little value and are rented. Rental income available upon request.2 lots Lot # 9 = 1 acres and Lot # 10 = 4.2 acres Total lot size = 226,512 sq. ft. Utilities are on site. All 3 units have septic and public water, duplex home has gas heat and the ranch home has oil heat. Basement on the ranch home.
The median home value in Franklin, NJ is $455,000. This is higher than the county median home value of $342,200. The national median home value is $338,100. The average price of homes sold in Franklin, NJ is $455,000. Approximately 57.28% of Franklin homes are owned, compared to 28.63% rented, while 14.09% are vacant. Franklin real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Franklin real estate agent to arrange a tour today!
Franklin, New Jersey has a population of 5,521. Franklin is more family-centric than the surrounding county with 32.06% of the households containing married families with children. The county average for households married with children is 31.29%.
The median household income in Franklin, New Jersey is $80,264. The median household income for the surrounding county is $101,645 compared to the national median of $69,021. The median age of people living in Franklin is 50.4 years.
The average high temperature in July is 83.1 degrees, with an average low temperature in January of 16.7 degrees. The average rainfall is approximately 47.5 inches per year, with 38.3 inches of snow per year.