281 S Main St new Save Request In-Person Tour Request Virtual Tour
Wharton Boro,NJ 07885
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3980709
Annual Tax Amount $19,973
Tax Year 2024
Lot Size 3,920 Sqft
Property Sub-Type Mixed Use
Property Description
High Income 6-Unit Investment Property with Garages in Downtown Wharton! This RARE 6-Unit, Multifamily building is a high-performing asset with serious upside. Fully rented and generating six figures in annual income, this property offers a strong return from day one. In one of morris county's most competitive rental markets, where vacancies are rare and rental rates remain top-tier. The building features a mix of 1 to 3 bedrooms units. Included are 6 private garages. A major perk, adding both convenience and extra income potential. For the Value-add Investor, the possibilities are endless: A massive stand-up attic is ready to be converted into additional living space. Full basement can be transformed into a laundry facility, tenant storage, or a shared community area. Large open lot with possibility for expansion. Positioned within walking distance of local restaurants, shops, and daily conveniences, and just minutes from top-rated Wharton schools!! This property is also close to major highways. Offering seamless access for commuters. 5 Newer water heaters installed in 2023! Newer Boiler installed in 2020. Whether you're expanding your portfolio or seeking a stable, income-producing asset in a growing downtown, this is a CANT-MISS OPPORTUNITY in Downtown Wharton. Please ask for 3 minute highlight video TO better see this GEM!!
Location
State NJ
County Morris
Zoning B
Rooms
Basement Full, Storage, Unfinished, Walkout
Interior
Heating Gas-Natural
Cooling See Remarks, Window A/C(s)
Equipment Fire Alarm, Smoke Detector
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Utilities Available Gas-Natural
Roof Type Asphalt Shingle, Flat
Building
Lot Description Level Lot, Open Lot, Possible Subdivision
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple