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1055 Rt521 Newton, NJ 07860

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For Sale
$474,900

Three units fully rented in quiet rural Stillwater area.

Lot size:
0.23 Acres

Property Features for 1055 Rt521

General Information

Lot size
0.23 Acres

Building Details

Year built
9999

Source: MOUNTAIN PROPERTIES CRYSTAL Agent JOHN D. RYAN

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Well-Maintained Stillwater Investment Property

This investment property features three fully rented units and is situated in the quiet rural area of Stillwater. The property consists of two buildings. One building, designated as unit 1, contains a single bedroom and one bathroom. The second building houses two units: unit 2, located on the ground floor, features one bedroom and one bathroom, while unit 3, situated upstairs, includes two bedrooms and one bathroom. The current capitalization rate, based on the asking price, is 7%.
Location Intelligence

Current Use by Public Records

Triplexes

Map

City
Newton
County
Sussex
State
New Jersey
Longitude
-74.8033
Latitude
41.0621

FAQs

What type of property is this?
Triplex - Three units fully rented in quiet rural Stillwater area.
Where is this triplex located?
The property is located at 1055 Rt521 Newton, NJ.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: - Turnkey investment property with an attractive 7% Cap Rate.; - Three fully rented units providing immediate income.; - Low property taxes.
More about this property
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