Description
Situated across from beautiful Shappell Park, impressive mixed use property that consists of 6 residential units and 4 retail leases. Over $100,000 in annual gross rents here, in key renaissance location. Owners update / repaint residential units, each turn over. Merchants have been here long-term and plan to stay. There is more potential for this property, if you decide to take it further in order to increase cash flow. Phillipsburg is 'open for business' - come enjoy the active push that the new So. Main St. Alliance is fueling, to beautify downtown with some new grants and energy. Learn more about incentives from the city. At the gateway to the strong Lehigh Valley economy, you can't beat this location. Close to 78, and beautiful riverside parks, local bus, boutiques and eateries. 7.15% CAP rate! carpe diem
-
0BEDS
-
0.28ACRES
-
0BATHS
-
01/2 BATHS
School Ratings & Info
Description
Situated across from beautiful Shappell Park, impressive mixed use property that consists of 6 residential units and 4 retail leases. Over $100,000 in annual gross rents here, in key renaissance location. Owners update / repaint residential units, each turn over. Merchants have been here long-term and plan to stay. There is more potential for this property, if you decide to take it further in order to increase cash flow. Phillipsburg is 'open for business' - come enjoy the active push that the new So. Main St. Alliance is fueling, to beautify downtown with some new grants and energy. Learn more about incentives from the city. At the gateway to the strong Lehigh Valley economy, you can't beat this location. Close to 78, and beautiful riverside parks, local bus, boutiques and eateries. 7.15% CAP rate! carpe diem
© 2021 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than eXp Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker.
Data last updated 2021-03-06T06:46:59.707.