Property
Beds
3
Full Baths
3
1/2 Baths
1
Year Built
1890
Sq.Footage
1,776
ATTENTION INVESTORS: TENANT IN PLACE & BEING SOLD AS A RENTAL PROPERTY!!! Fully reimagined in 2024, this stunning 3-bedroom colonial is essentially brand new everything has been updated except for the four walls! Currently leased to a quality tenant, with an owner-reported rental income of $55,200, taxes of $9,872.02, and insurance costs of $3,773.25, resulting in a net operating income of $41,555. Virtually no repairs or replacements are anticipated in the near future, making this an ideal investment for a hands-off landlord. Inside, the home boasts 3.5 elegantly designed baths, including a luxurious primary suite that spans the third floor. The thoughtfully redesigned floor plan offers a modern, functional layout.Outside, the property sits on a spacious open lot with a peaceful stream running through the backyard a serene retreat that the owner represents has not been affected by flooding. The location couldn't be more convenient: just minutes from major highways and even closer to the train station, all in the highly sought-after Peapack-Gladstone area. This property is being offered as a rental investment with a tenant already in place. The owner is seeking to sell it as part of a rental property package alongside MLS#4020635, MLS#4020635, and MLS#4020574. Owner may consider selling individual properties.
Features & Amenities
Interior
-
Other Interior Features
Walk-In Closet(s)
-
Total Bedrooms
3
-
Bathrooms
3
-
1/2 Bathrooms
1
-
Cooling YN
YES
-
Cooling
Central Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Vinyl Siding
-
Patio and Porch Features
Deck
-
Pool
No
Area & Lot
-
Lot Features
Open Lot
-
Lot Size(acres)
0.43
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
-
Architectural Style
Colonial
Price
-
Sales Price
$700,000
-
Tax Amount
$9,872
-
Sq. Footage
1, 776
-
Price/SqFt
$394
HOA
-
Association
No
School District
-
Elementary School
BEDWELL
-
Middle School
BERNARDS
-
High School
BERNARDS
Property Features
-
Ownership
Fee Simple
-
Sewer
Public Sewer
-
Tax Lot
*
-
Water Source
Public
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Location
County
Somerset
Elementary School
BEDWELL
Middle School
BERNARDS
High School
BERNARDS
Listing Courtesy of DOUGLAS TUCKER , COMPASS NEW JERSEY, LLC
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FOUNDER
Patrick Bolger
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