354 S Main St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
354 S Main St
5 Unit Block of Flats £1,301,850 (£260,370/Unit) 6.47% Net Initial Yield Wharton, NJ 07885
Investment Highlights
- 5 COMPLETELY RENOVATED UNITS WITH 3 ADDITIONAL UNITS TO BE APPROVED BY NEW BUYER
- GREAT TENANTS , GREAT LOCATION AND PLENTY OF UPSIDE ON LOT
- NEW ROOFS AND UTILITES
Executive Summary
Discover an unparalleled investment opportunity in the heart of the real estate market! This expansive property, covering over half an acre with 2 separate buildings, stands as one of the largest lots in town. Located in a B-1 Zoning District (Neighborhood Business District), it offers remarkable flexibility and potential. Both buildings have undergone complete renovation and rehabilitation, including new roofs, kitchens, bathrooms, utilities, and more. This ensures a low-maintenance, high-yield investment for years to come. Currently configured with 4 renovated apartments and 1 office space with full kitchens and bathrooms, the property boasts an impressive income potential exceeding $138,000 annually! We have created comprehensive floor plans and future plans to add 3 additional units to the front building, which has partial approvals. This will allow you to thoroughly explore every aspect of this unique offering. With the potential to expand to 8 units, the gross income could reach an astounding $220,000. This exceptional opportunity, with its strategic location and extensive renovations, ensures a sustainable and profitable investment for discerning investors. Don't miss out on the chance to secure a prime piece of real estate that promises significant returns and long-term growth. Let's collaborate to analyze the numbers, align with your goals, and make this exceptional investment opportunity yours today!
Data Room Click Here to Access
- Market Information
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£104,661
|
£20.93
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£104,661
|
£20.93
|
| Taxes |
£15,950
|
£3.19
|
| Operating Expenses |
£4,405
|
£0.88
|
| Total Expenses |
£20,355
|
£4.07
|
| Net Operating Income |
£84,306
|
£16.86
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £104,661 |
| Annual Per SF | £20.93 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £104,661 |
| Annual Per SF | £20.93 |
| Taxes | |
|---|---|
| Annual | £15,950 |
| Annual Per SF | £3.19 |
| Operating Expenses | |
|---|---|
| Annual | £4,405 |
| Annual Per SF | £0.88 |
| Total Expenses | |
|---|---|
| Annual | £20,355 |
| Annual Per SF | £4.07 |
| Net Operating Income | |
|---|---|
| Annual | £84,306 |
| Annual Per SF | £16.86 |
Property Facts
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
1 of 1
PROPERTY TAXES
| Parcel Number | 39-02011-0000-00014 | Total Assessment | £552,533 |
| Land Assessment | £143,940 | Annual Taxes | £15,950 (£3.19/sf) |
| Improvements Assessment | £408,593 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
39-02011-0000-00014
Land Assessment
£143,940
Improvements Assessment
£408,593
Total Assessment
£552,533
Annual Taxes
£15,950 (£3.19/sf)
Tax Year
2024
zoning
| Zoning Code | B-1 Commercial (Business) |
| B-1 Commercial (Business) |
-
Mohamad Sankar -
KW Commercial
1 of 99
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
354 S Main St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.