103 Arch St Butler, NJ 07405
Property profile & analytics
103 Arch St Butler, NJ 07405
- Commercial real estate
- 19,846 SF
- 0.34 lot acres
Property ID
US59-0156105
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial real estate
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.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Butler
- County
- Morris
- State
- New Jersey
- Longitude
- -74.3361
- Latitude
- 41.0039
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$23,827
$242,500
$282,500
$525,000
-
$242,500
$282,500
$525,000
