Back on Market! Purchase with Loan or Cash Acceptable...Lucrative 3-Unit Investment Property in High-Demand Hopewell Borough, excellent quiet location just a few blocks from Brick Farm Market, Shops and Restaurants. Walk to elementary school, park and shopping! Two-family dutch colonial house with separate Detached Cottage in the back situated on a wide double lot with a detached 2 car garage. Main house includes two 2-Bedroom/1 Bath apartments, each with its own furnace and hot water heater. 1st floor apartment is large, featuring 2 bedrooms/1 Bathroom, 2nd bedroom leads into an office/study space, large Living Room with charming fireplace, Dining Room, and Sunporch with walls of windows and Separate Entrance. 2nd floor apartment features 2 Bedrooms, cedar closets, large Kitchen with pantry, Bathroom with tub/shower, and Living Room. 2nd bedroom has access to the attic which can be used for extra storage space or could be turned into a study. Both apartments have access to laundry and storage in the basement. The back Cottage includes 2 beds/1 bath. All units have access to large side and backyards and ample parking.
Unit 1 (Downstairs Apt): $1700/Month Rent, month to month lease. Unit 2 (Upstairs Apt): Vacant, was leased at $1750/mo. Unit 3 Cottage: $950/Month Rent, month to month lease. Garage bays not included in rent and can be leased separately.
ALL TENANTS PAY THEIR OWN UTILITIES. Owners pays water, sewer, insurance and taxes.
Insurance: $962/year; Water bill: avg. $250/quarter; Sewer bill: avg. $256/quarter.
Furnaces replaced 2016. 3 Hot water heaters replaced 2015-2018.
Property being sold as-is.