Prime Income-Producing Investment Opportunity! Don't miss this versatile, fully rented investment property featuring three buildings with a strong mix of residential and commercial income. The property includes three residential units two 1-bedroom with 1 bath apartments and one stand-alone 3-bedroom, 1.5 bath house plus a garage/repair shop with excellent highway exposure. The commercial garage offers three overhead doors, a car lift, office space. Property serviced by natural gas and oil heat, making it ideal for automotive, contractor, or service-based use. Ample off-street parking supports both residential tenants and business operations. All units are fully rented, allowing you to start generating income immediately. Tenants are responsible for all utilities, while the owner covers taxes, snow plowing, and lawn maintenance, keeping expenses straightforward and predictable. Total rent rolls $7,000/month! The stand-alone house and upper residential unit have been recently refreshed/renovated, adding value and tenant appeal. Strategically located on a highway for maximum visibility, this property is also close to shopping, Crystal Springs, and popular ski resorts, increasing long-term rental demand and commercial potential. A rare opportunity to acquire a turnkey, mixed-use investment with multiple income streams in a high-exposure location.
585 State Rt 23, Franklin Boro NJ 07416-2208
Property City
Franklin Boro
Property Price
$575,000
Year Built
1930
Tax Annual Amount
$13981
TaxYear (*text)
2024
Roof (*text)
Asphalt Shingle
Floors No
Concrete, Laminate, Tile, Wood
Lot Size Area
0.31
MLS Status
Active
MLS #
4003646
Yearly Tax Rate
2.654
Year Built (*numeric)
1930
Basement
Yes
Roofing (*text)
Asphalt Shingle
Days On Market
0
Basement (*text)
Yes
Cooling (*text)
See Remarks
Heating
4+ Units
Lot Size Dimensions
.313 AC
Data import from
GSMLS