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281 S Main St
Wharton, NJ 07885

$1,900,000 USD

Apartments For Sale • 6,576 SF

Property Details

Property Type Apartments
Total Building Size 6,576 SF
Lot Size 0.26 AC
Building Class C
Year Built 1965
Cap Rate 6.05 %
Zoning B

30 Transit Score

50 Walk Score

                
                    Highlights
                
                                 Fully occupied property located in a high-demand, low-vacancy submarket.
                            
                                Six-unit multifamily building generating strong annual rental income.
                            
                                Includes six individual garages offering added convenience and revenue streams.
                            
                                Positioned in Wharton's downtown district with proximity to restaurants, shops, and services.
                            
                                Easy access to Route 46, Interstate 80, and regional commuter rail lines.
                            
                                Significant value-add potential through unfinished attic and full basement for additional use.

Cap Rate:

6.05 %

Amenities

24 Hour Access
Air Conditioning
Controlled Access
Dishwasher
Microwave
Tenant Controlled HVAC
Heating
Kitchen
Refrigerator
Oven
Tub/Shower
Freezer
Public Transportation
Walk-Up
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Dover (Montclair-Boonton Line - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit))	3 min	-	1.6 mi
Mount Arlington (Montclair-Boonton Line - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit))	9 min	-	5.6 mi
Airport	Drive	Walk	Distance
Newark Liberty International	42 min	-	31.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	14
Type:	AttachedGarage
Included in Rent:	Yes

Efrain Gonzalez 973-814-1232 United Real Estate Excellence

281 S Main St Wharton, NJ 07885