Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
None
Sq.Footage
N/A
High Income 6-Unit Investment Property with Garages in Downtown Wharton! This RARE 6-Unit, Multifamily building is a high-performing asset with serious upside. Fully rented and generating six figures in annual income, this property offers a strong return from day one. In one of morris county's most competitive rental markets, where vacancies are rare and rental rates remain top-tier. The building features a mix of 1 to 3 bedrooms units. Included are 6 private garages. A major perk, adding both convenience and extra income potential. For the Value-add Investor, the possibilities are endless: A massive stand-up attic is ready to be converted into additional living space. Full basement can be transformed into a laundry facility, tenant storage, or a shared community area. Large open lot with possibility for expansion. Positioned within walking distance of local restaurants, shops, and daily conveniences, and just minutes from top-rated Wharton schools!! This property is also close to major highways. Offering seamless access for commuters. 5 Newer water heaters installed in 2023! Newer Boiler installed in 2020. Whether you're expanding your portfolio or seeking a stable, income-producing asset in a growing downtown, this is a CANT-MISS OPPORTUNITY in Downtown Wharton. Please ask for 3 minute highlight video TO better see this GEM!!
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Basement YN
YES
-
Cooling YN
YES
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Cooling
Window Unit(s)
-
Heating YN
YES
-
Heating
Natural Gas
-
Pet friendly
N/A
Exterior
-
Garage
No
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Construction Materials
Vinyl Siding
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Pool
No
Area & Lot
-
Lot Features
Level, Open Lot
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Lot Size(acres)
0.09
-
Property Type
Commercial Sale
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Property Sub Type
Multi Family
Price
-
Sales Price
$1,900,000
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Tax Amount
19973.0
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Zoning
B
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Sq. Footage
N/A
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Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
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Middle School
N/A
-
High School
N/A
Property Features
-
Stories
3
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Ownership
Fee Simple
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Sewer
Public Sewer
-
Water Source
Public
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Location
County
Morris
Elementary School
Middle School
High School
Listing Courtesy of None , UNITED REAL ESTATE
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