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125 Main St

6 Unit Block of Flats £941,291 (£156,882/Unit) 8.58% Net Initial Yield Flemington, NJ 08822

Investment Highlights

  • 6 Unit Bldg ( 4 Apartment + 2 Storefronts).
  • Cap Rate 8.60
  • Tenants pay heat, hot water & sewer.
  • Highly profitable with Gross Rents $135000 & Net Income $103,000
  • 1 Block from the 100 Room Union Hotel & Courthouse Redevelopment Project.
  • Located on the Corner of Main St & Mine St, in the heart of Flemington amongst Cafes & Restaurants.

Executive Summary

Highly Profitable 6 Unit Money Maker! Gross Rental Income: $135,000. Net Income: $103,000. Cap Rate 8.60 (P&L Attached). In the heart of Flemington Main St amongst cafes & restaurants. Only a block from the County Courthouse & Historic Union Hotel which is been renovated into a 100 room hotel & newly developing upscale townhomes & apartments. Great safe neighborhood seeing tremendous growth year over year. This investment property on the corner of Main St & Mine St consists of 4 Apartments & 2 Storefronts. Tenants pay heat, hot water & sewer. Perfect Opportunity for 1031 Exchange & Investors looking for cash flow.

Attachments

Profit & Loss-2 Mine St

Financial Summary (Actual - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £941,291 Apartment Style Low Rise
Price Per Unit £156,882 Building Class C
Sale Type Investment Lot Size 0.07 AC
Net Initial Yield 8.58% Building Size 5,933 SF
No. Units 6 Number of Floors 3
Property Type Residential Year Built 1910
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price £941,291
Price Per Unit £156,882
Sale Type Investment
Net Initial Yield 8.58%
No. Units 6
Property Type Residential
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Low Rise
Building Class C
Lot Size 0.07 AC
Building Size 5,933 SF
Number of Floors 3
Year Built 1910
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 3 - -
2+1 1 - -
1+1 2 - -
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Walk Score ®
Very Walkable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
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Transit Score® measures access to public transit.
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measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 09-00036-0000-00019 Total Assessment £588,307
Land Assessment £117,661 Annual Taxes -£1 (£0.00/sf)
Improvements Assessment £470,646 Tax Year 2024

PROPERTY TAXES

Parcel Number
09-00036-0000-00019
Land Assessment
£117,661
Improvements Assessment
£470,646
Total Assessment
£588,307
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024

zoning

Zoning Code DB (Downtown Business District)
DB (Downtown Business District)
(908) 581-1834

  • Listing ID: 29414933

  • Date on Market: 31/08/2023

  • Last Updated:

  • Address: 125 Main St, Flemington, NJ 08822

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125 Main St, Flemington, NJ for sale Building Photo- Image 1 of 19
Front View
125 Main St, Flemington, NJ for sale Interior Photo- Image 2 of 19
Living Room
125 Main St, Flemington, NJ for sale Interior Photo- Image 3 of 19
Living Room
125 Main St, Flemington, NJ for sale Interior Photo- Image 4 of 19
Living Room
125 Main St, Flemington, NJ for sale Interior Photo- Image 5 of 19
Dining Room-2 Bed Apt
125 Main St, Flemington, NJ for sale Interior Photo- Image 6 of 19
Kitchen
125 Main St, Flemington, NJ for sale Interior Photo- Image 7 of 19
Kitchen
125 Main St, Flemington, NJ for sale Interior Photo- Image 8 of 19
Kitchen
125 Main St, Flemington, NJ for sale Interior Photo- Image 9 of 19
Kitchen
125 Main St, Flemington, NJ for sale Interior Photo- Image 10 of 19
Bedroom
125 Main St, Flemington, NJ for sale Interior Photo- Image 11 of 19
Bedroom
125 Main St, Flemington, NJ for sale Interior Photo- Image 12 of 19
Bathroom
125 Main St, Flemington, NJ for sale Building Photo- Image 13 of 19
Store Front-Florist
125 Main St, Flemington, NJ for sale Building Photo- Image 14 of 19
Store Front-Florist
125 Main St, Flemington, NJ for sale Interior Photo- Image 15 of 19
Store Front 2
125 Main St, Flemington, NJ for sale Interior Photo- Image 16 of 19
Store Front 2
125 Main St, Flemington, NJ for sale Building Photo- Image 17 of 19
Street View
125 Main St, Flemington, NJ for sale Building Photo- Image 18 of 19
Street View

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© 2024 CoStar Group

125 Main St
(908) 581-1834 x

125 Main St

Nadeem Qavi

(908) 581-1834

(908) 581-1834

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