Two-Unit Residential Income
6 Fern Ave Wharton, NJ 07885
6 Fern Ave, Wharton, NJ, 07885
$450,000
For Sale
$450,000
Two 2BR/1BA units with partial rehab completed, plus attic potential, tenant-paid utilities, and ongoing renovation opportunity.
Days on Market29
Property Features for 6 Fern Ave
General Information
- Standard status
- Active
- Property subtype
- Multi Family
Building Details
- Year Built
- 1900
Listing agency
Fairclough Realtors
(973) 726-7800
Listed by
MARC WEITZ · License #296166
Source
Elliman
Added: Jun 23 Updated: Jul 10 at 2:04PM Checked: Jul 21 at 5:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fairclough Realtors
Investment Insights
Based on property information with market context.
This is a two-unit residential income property consisting of two 2-bedroom, 1-bath apartments. One side is described as a complete gut rehab, while the other side is occupied and will require further improvements to reach market rents. A good-sized attic on the vacant unit could potentially be converted into additional finished space.
The owner has already completed several substantial upgrades, including a new roof with flashing, a new front deck, asbestos remediation, and electrical work, along with steel support beams in the basement. The building is described as solid and ready for the next steps of rehab. Tenants pay for all utilities except sewer.
For a buyer or operator, the property offers a structured path to value creation through completing the renovation on the currently occupied unit and considering attic conversion on the other side. Alternatively, the public remarks indicate the option to demolish and replace with a larger multifamily building, depending on the buyer’s redevelopment plan.
The owner has already completed several substantial upgrades, including a new roof with flashing, a new front deck, asbestos remediation, and electrical work, along with steel support beams in the basement. The building is described as solid and ready for the next steps of rehab. Tenants pay for all utilities except sewer.
For a buyer or operator, the property offers a structured path to value creation through completing the renovation on the currently occupied unit and considering attic conversion on the other side. Alternatively, the public remarks indicate the option to demolish and replace with a larger multifamily building, depending on the buyer’s redevelopment plan.
Key Highlights
- 2‑unit multifamily built in 1900; both units are 2BR/1BA.
- One side is undergoing complete gut rehab; the other side is occupied with rent currently at $1,400.
- Partial rehab upgrades include a new roof and flashing, new front deck, asbestos remediation, and electrical work.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two 2BR/1BA units with partial rehab completed, plus attic potential, tenant-paid utilities, and ongoing renovation opportunity.
Where is this duplex located?
The property is located at 6 Fern Ave Wharton, NJ.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2‑unit multifamily built in 1900; both units are 2BR/1BA.; One side is undergoing complete gut rehab; the other side is occupied with rent currently at $1,400.; Partial rehab upgrades include a new roof and flashing, new front deck, asbestos remediation, and electrical work.
