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$2,400,000

  • For Sale
  • Active
  • Apartment
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An exceptionally rare investment opportunity in Hunterdon County consists of three residential buildings, each with four units, housing a total of 12 apartments. These well-maintained apartment buildings sit on 2.8 picturesque acres in High Bridge. Currently netting approx. $140k in annual income with the potential for even more, it represents a solid investment with a steady cash flow, long-term tenants, and some below-market rate rentals for an exceptional opportunity. All units have spacious living rooms, expansive and updated eat-in kitchens, full updated baths and a laundry in each unit. Ten units have two bedrooms and two units offer three bedrooms. Four units have full basements. Located in a scenic rural area, the units also offer decks and/or patios and front porches for warm weather enjoyment. Each unit has two spaces for off-street parking, public water and sewer. This central location is minutes to train and bus stations as well as Routes 78, 22 and 31 for commuters. The area also provides a variety of local dining, shopping, recreational activities and top-rated schools, enhancing this unique investment opportunity. Also see Multi-Family MLS# 3932192

Full Property Details for 31-53 Arch St

General

  • Price: $2,400,000
  • Taxes: $45,731 (2024)
  • Status: Active
  • Type: Apartment
  • Source: Garden_State
  • MLS ID: 3932187
  • Updated: 11/12/2024
  • Added to Site: 39 day(s) ago

Business

  • Includes: Building & Land

Rental Information

  • Lease Includes: Sewer, Trash Removal, Water

Interior

  • Flooring: Carpeting, Tile, Vinyl-Linoleum

Rooms

Bathrooms

  • Total Bathrooms: 12
  • Restrooms: 12

Additional Information

  • Equipment: Appliances, Exhaust System, Kitchen Area, Restrooms - Private, Smoke Detector, Storage Area(s)

Exterior

  • Color: Beige

Parking

  • Garage Spaces: 24
  • Total Spaces: 30
  • Parking: Blacktop, Common, Parking Lot-Shared

Location

  • County: Hunterdon
  • Driving Directions: Rt 78 to Clinton, Rt. 31 N to R on Rt 513, R on Arch street, Bear L to property on R just past the tunnel bridge.
  • Location Details: Residential Area, Rural Area

Heating & Cooling

  • Cooling Type: Central Air Conditioning, No Cool
  • Heating Type: 3 Units, Electric Baseboard, Baseboard - Hotwater
  • Heating Fuel: Electric, OilAbOut

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: Electric, Gas-Propane, Cable TV Available, Garbage Included

Structural Information

  • Construction: Brick/Block, Wood
  • Exterior Const.: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Crawl Space, Full
  • Roof: Asphalt Shingles
  • Loading: None
  • Stories in Building: 2
  • Square Feet: 11,250
  • Aprox. Leasable: 11,250 Sq. Ft.
  • Previous Bldg. Use: Multi Family
  • Year Built: 1910

Unit Information

  • 2 Bedroom Units: 10
  • 3 Bedroom Units: 2
  • Units w/Full Bath: 12

Lot Features

  • Lot Size (Acres): 2.8
  • Lot Size: 2.80 AC
  • Permitted Use: Multi Family
  • Zoning: R-3
  • Lot Description: Lake/Water View, Open Lot, Wooded Lot

Financial Considerations

  • Expenses: Accounting/Legal, Gas/Oil, Insurance, Maintenance - Exterior, Snow Removal, Taxes, Trash, Water/Sewer
  • Operating Expenses: $100,000
  • Assessment Amount: $1,401,100
  • Land Assmt: $300,300
  • Tax Amount: $45,731
  • Tax Year: 2024
  • Owner Pays: Gas, Maintenance-Lawn, Repairs, Sewer, Snow Removal, Trash Removal, Water
  • Pays Utilities: Landlord

Disclosures and Reports

  • Ownership: Fee Simple
  • Documents Avail.: Income & Expenses, Leases
  • Disclosures: Yes
  • APN: 1914-00031-0000-00002-0002-
  • Block: 31
  • Lot Number: 2.02

Listed by Turpin Real Estate, Inc.

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Listing agent

— 31-53 Arch St —

  • Turpin Real Estate, Inc.

908-319-4144

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 31-53 Arch St

School Districts:North Hunterdon-Voorhees Regional High School District, High Bridge Borough Public Schools
RatingNameGradesDistance
8
High Bridge Middle School
50 Thomas St, High Bridge, NJ 08829
5-80.4 mi
3
High Bridge Elementary School
40 Fairview Ave, High Bridge, NJ 08829
PK-40.7 mi
7
Voorhees High School
256 County Road 513, Glen Gardner, NJ 08826
9-122.3 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 31-53 Arch St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/31/2024
Listed
$2,400,000
98.35%
MLS
4/27/2017
Sold
$1,210,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 31-53 Arch St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$47,930
2%
$1,401,100
16%
2022
$46,801
4%
$1,212,200
10%
2021
$45,006
9%
$1,099,900
2%
2020
$41,447
-2%
$1,078,000
1%
2018
$42,202
1%
$1,064,900
5%
2019
$41,760
37%
$1,010,900
27%
2017
$30,589
1%
$793,700
—
2016
$30,232
3%
$793,700
—
2015
$29,415
6%
$793,700
-5%
2013
$27,672
—
$832,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Turpin Real Estate, Inc.

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31-53 Arch St, High Bridge, NJ 08829 (MLS# 3932187) is a Apartment property. 31-53 Arch St is currently listed for $2,400,000 and was received on October 31, 2024. Want to learn more about 31-53 Arch St? Do you have questions about finding other Apartment real estate for sale in High Bridge? You can browse all High Bridge real estate or contact a Coldwell Banker agent to request more information.

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