High Bridge Boro, NJ 08829,31-53 Arch St
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High Bridge Boro, NJ 08829,31-53 Arch St
High Bridge Boro, NJ 08829,31-53 Arch St
High Bridge Boro, NJ 08829,31-53 Arch St
High Bridge Boro, NJ 08829,31-53 Arch St
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$ 2,400,000
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Under Contract

31-53 Arch St High Bridge Boro, NJ 08829

26 Beds

12 Baths

2.8 Acres Lot


UPDATED:

Key Details

Property Type Multi-Family

Listing Status Under Contract

Purchase Type For Sale

MLS Listing ID 3932192

Style 2-Two Story, Fourplex

Bedrooms 26

Full Baths 12

Year Built 1910

Annual Tax Amount $45,731

Tax Year 2024

Lot Size 2.800 Acres

Property Description

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 Commercial MLS# 3932187

Location

State NJ

County Hunterdon

Zoning R-3

Rooms

Basement Crawl Space, Full, Unfinished

Interior

Interior Features Carbon Monoxide Detector, Carpeting, Fire Extinguisher, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors

Heating Electric, OilAbOut, SeeRem

Cooling 3 Units, Central Air, See Remarks, Window A/C(s)

Heat Source Electric, OilAbOut, SeeRem

Exterior

Exterior Feature Vinyl Siding

Utilities Available Electric, Gas-Propane

Roof Type Asphalt Shingle

Building

Lot Description Lake/Water View, Open Lot, Wooded Lot

Sewer Public Sewer

Water Public Water

Architectural Style 2-Two Story, Fourplex

Schools

Elementary Schools Highbridge

Middle Schools Highbridge

High Schools Voorhees

Others

Senior Community No


Garden State MLS(GSMLS)
Listed by TURPIN REAL ESTATE, INC.
agent

Lena Pesso

Broker Associate | License ID: 0901285

+1(973) 368-3801

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31-53 Arch St