103 Arch St Butler, NJ 07405

Property Details for 103 Arch St

Construction

BRICK

Lot size

0.34 lot acres

Property size

19,846 SF

Zone code

CBD

Property type

Commercial real estate

APN

03 00016-0000-00016- 01

APU

30001600000001601

Description

This exceptional investment opportunity presents a fully approved project to transform a 20,000 square foot building into a 15-unit residential apartment complex located at 103 Arch Street, Butler, NJ. Situated on a 0.28-acre lot, this project is underway, with demolition of the rear portion of the building already completed. The design incorporates grade-level, covered parking for residents' convenience, and the building will feature two floors of residential units. The existing front facade and peripheral walls will be preserved, maintaining the building's character. Detailed building plans are readily available for review, showcasing the thoughtfully designed layout and maximizing space efficiency. The current owner's intention is to lease the completed apartments, offering a strong potential for rental income. This project represents a unique chance to acquire a partially completed multi-family development in a desirable location, offering significant upside potential for investors seeking a high-return opportunity in the thriving New Jersey rental market. The approved plans ensure a streamlined path to completion, minimizing potential delays and maximizing efficiency. This is a turnkey project ready for a savvy investor to complete and capitalize on the strong demand for rental housing in the area. Don't miss this chance to acquire a prime piece of real estate poised for significant growth. The asking price is $1,975,000.