120-122 High StNewton, NJ 07860

For Sale
$650,000

Prime Newton investment: 4-unit building.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional two-story apartment building, located at 120-122 High Street in Newton, New Jersey, presents a compelling investment opportunity. The property sits on a 0.29-acre lot and comprises a single building housing four units: two two-bedroom, one-bathroom apartments and two one-bedroom, one-bathroom apartments. Currently operating at 100% occupancy, this multifamily property generates a strong cash flow with long-term tenants. Modern updates ensure consistent tenant satisfaction. The property includes eight off-street parking spaces, four of which are separate garage spaces rented independently. A shared backyard provides tenants with outdoor space. Its convenient location in historic Newton offers easy access to schools, shopping, and public transportation, contributing to high rental demand. The property boasts a strong rental history with minimal vacancies, making it an attractive addition to any investment portfolio. The asking price for this turnkey investment is $650,000. The property's zip code is 07860, and it is situated in Sussex County.

Highlights

  • Four-unit multifamily building in Newton, NJ (07860), Sussex County.
  • Located on a 0.29-acre lot with eight off-street parking spaces, including four individual garages.
  • Currently 100% occupied with long-term tenants, generating strong cash flow.
  • Features two 2-bedroom/1-bathroom units and two 1-bedroom/1-bathroom units.
  • Turnkey investment opportunity with an asking price of $650,000.
  • Convenient location near schools, shopping, and public transportation.

Property Details for 120-122 High St

Property type
Multifamily properties, Apartment buildings
Buildings
1
Stories
2
Lot Size (sq. ft)
12,632 SF

Location Insight

City
Newton
County
Sussex
State
New Jersey
Latitude
41.056636900155
Longitude
-74.760342780566
120-122 High St, Newton, New Jersey

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120-122 High St
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