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Listed by Tony Nabhan • Keller Williams City Views Realty • (201) 592-8900
$ 6,795,000
Est. payment | /mo
$ 6,795,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type 5+Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24033455
Style 5+Family
Annual Tax Amount $1,000,000
Property Sub-Type 5+Family
Property Description
WELCOME TO THE PILGRIM! This 22-unit multifamily property in the rapidly growing town of Boonton, NJ offers an incredible VALUE-ADD investment opportunity. Each apartment offers oversized square footage that sets this building apart from others. 9 units have been totally updated and there's more growth opportunity to update and increase below market rents. The building is very well-maintained and ownership has invested over 1M of updates through the years. Bonus cell tower on the roof producing $29,800 in annual income. Located in a booming area near shops, restaurants, and major transit, this property offers stable cash flow with significant upside in a highly desirable market
Location
State NJ
County Morris
Area Boonton Town
Exterior
Utilities Available Gas, Munincipal Water
Roof Type Flat
Building
Architectural Style 5-25
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