8,000SF Three Story building that was formerly a rooming house. High ceilings. Opportunity to convert to apartments on 2nd and 3rd floors and 1st floor use for office/retail/restaurant. Number of units is ESTIMATED. Building is not currently configured for individual apartments.Located on South Main Street in downtown Phillipsburg. Just across the river from Easton, PA. Easily access to Route 22.
9.5% CAP RATE!! Nicely updated and fully occupied turn-key 5 Family! Additional 8 Family (MLS # 3129730) also available!
$73,680 ANNUAL GROSS INCOME! Fully rented and nicely updated, turn-key 8 unit apartment bldg on a large .29 acre lot w/ off street pkg + 5 garages! Roof replaced in 2006. Add'l 5 FAM also available! (5 FAM is MLS # 3129760)