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26 John Ringo Rd

9 Unit Block of Flats £1,380,750 (£153,417/Unit) 8% Net Initial Yield Ringoes, NJ 08551

Investment Highlights

  • SUBSTANTIAL RENOVATIONS JUST COMPLETED!
  • NEW ROOFS, THERMAL PANE WINDOW & SIDING & 2 APARTMENTS JUST RECENTLY UPDATED!
  • 100% FULLY OCCUPIED

Executive Summary

SUBSTANTIAL RENOVATIONS JUST COMPLETED! Turn-key 9-unit investment property with over $186,000 of income + potential for even more! You couldn't ask for a more solid investment with great cash flow from day one, long-term tenants and below-market rate rents with a tremendous upside for added income! Landmark corner property featuring nearly 6,000 SF mixed-use building with Retail/Deli, 3 Apartments above, Separate Garage & large on-site parking lot PLUS adjoining Multi Family property with approx. 4,500 SF building featuring 5 apartments. Fully rented and tenants pay their own utilities! The Deli space has natural gas heat and central air. Apartments are elec baseboard heat. Recent improvements include new roofs, windows & siding. Great location just minutes from Flemington and convenient to Princeton. Offered for sale as a package or buy the mixed-use corner property for $825,000 and 5 Family property for $925,000.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £1,380,750 Building Class C
Price Per Unit £153,417 Lot Size 1.00 AC
Sale Type Investment Building Size 10,043 SF
Net Initial Yield 8% Average Occupancy 100%
No. Units 9 Number of Floors 2
Property Type Residential Year Built 1900
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
 Parking Ratio 2.59/1,000 SF
Apartment Style Low Rise
Price £1,380,750
Price Per Unit £153,417
Sale Type Investment
Net Initial Yield 8%
No. Units 9
Property Type Residential
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Low Rise
Building Class C
Lot Size 1.00 AC
Building Size 10,043 SF
Average Occupancy 100%
Number of Floors 2
Year Built 1900
Parking Ratio 2.59/1,000 SF

Unit Amenities

  • Heating
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • On-Site Retail
  • Walk-Up
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PROPERTY TAXES

Parcel Number 08-00027-01-00020 Improvements Assessment £174,829 (2024)
Land Assessment £125,059 (2024) Total Assessment £299,888 (2024)

PROPERTY TAXES

Parcel Number
08-00027-01-00020
Land Assessment
£125,059 (2024)
Improvements Assessment
£174,829 (2024)
Total Assessment
£299,888 (2024)

zoning

Zoning Code LB (Local Business Village District zone)
LB (Local Business Village District zone)
(908) 963-5901

  • Listing ID: 33343849

  • Date on Market: 28/09/2024

  • Last Updated:

  • Address: 26 John Ringo Rd, Ringoes, NJ 08551

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26 John Ringo Rd, Ringoes, NJ for sale Building Photo- Image 1 of 13
26 JOHN RINGO street view
26 John Ringo Rd, Ringoes, NJ for sale Building Photo- Image 2 of 13
28 John Ringo view from parking lot
26 John Ringo Rd, Ringoes, NJ for sale Building Photo- Image 3 of 13
28 John Ringo new front pic v2
26 John Ringo Rd, Ringoes, NJ for sale Building Photo- Image 4 of 13
28 John Ringo new front pic
26 John Ringo Rd, Ringoes, NJ for sale Building Photo- Image 5 of 13
28 JOHN RINGO STORE SECTION
26 John Ringo Rd, Ringoes, NJ for sale Building Photo- Image 6 of 13
28 JOHN RINGO DELI
26 John Ringo Rd, Ringoes, NJ for sale Building Photo- Image 7 of 13
26 & 28 John Ringo Rd both buildings
26 John Ringo Rd, Ringoes, NJ for sale Building Photo- Image 8 of 13
28 John Ringo view from parking lot
26 John Ringo Rd, Ringoes, NJ for sale Building Photo- Image 9 of 13
26 & 28 John Ringo view from parking lot
26 John Ringo Rd, Ringoes, NJ for sale Building Photo- Image 10 of 13
26 & 28 John Ringo extra parking parking
26 John Ringo Rd, Ringoes, NJ for sale Building Photo- Image 11 of 13
26 John Ringo Street View
26 John Ringo Rd, Ringoes, NJ for sale Building Photo- Image 12 of 13
Backyard for 26 John Ringo

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© 2024 CoStar Group

26 John Ringo Rd
(908) 963-5901 x

26 John Ringo Rd

Mark Jacobson

(908) 963-5901

(908) 963-5901

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