490 Hamilton StSomerset, NJ 08873

For Sale
$510,000

High-yield multi-unit building, great location.

Overview

Added:
Feb 3
Days on market:
41
This exceptional investment opportunity in Somerset, NJ, presents a 1,980 square foot multi-unit building situated on a 0.15-acre lot. The property features a detached two-car garage, providing ample parking. Currently, the second floor is occupied by a tenant paying a monthly rent of $2,300, generating a strong cash flow. The first floor, previously used as an office space, is currently vacant, offering significant potential for additional income. The building boasts a central air and furnace system, both installed in 2007, ensuring efficient climate control. Separate utility meters for each unit simplify billing and management. The property is priced competitively to facilitate a swift sale. The large lot size offers additional possibilities for expansion or outdoor improvements. This property is ideal for investors seeking a high-return investment with immediate income generation and significant upside potential. The combination of a strong tenant, vacant space for lease, and desirable location makes this a truly compelling opportunity. Don't miss out on this chance to acquire a profitable and well-maintained multi-unit property in a thriving market.

Property Details for 490 Hamilton St

Property type
Other commercial real estate
Square Feet
1,980 SF
Year Built
1970
Lot Size (sq. ft)
6,534 SF

Location Insight

City
Somerset
County
Somerset
State
New Jersey
Latitude
40.49498
Longitude
-74.46302
490 Hamilton St, Somerset, New Jersey

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490 Hamilton St
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