Arch Residences | 31-53 Arch St
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Arch Residences 31-53 Arch St
12 Unit Apartment Building $2,400,000 ($200,000/Unit) 5.83% Cap Rate High Bridge, NJ 08829
Executive Summary
An exceptionally rare investment opportunity in Hunterdon County consists of three residential buildings, each with four units, housing a total of 12 apartments. These well-maintained apartment buildings sit on 2.8 picturesque acres in High Bridge. Currently netting approx. $140k in annual income with the potential for even more, it represents a solid investment with a steady cash flow, long-term tenants, and some below-market rate rentals for an exceptional opportunity. All units have spacious living rooms, expansive and updated eat-in kitchens, full updated baths and a laundry in each unit. Ten units have two bedrooms and two units offer three bedrooms. Four units have full basements. Located in a scenic rural area, the units also offer decks and/or patios and front porches for warm weather enjoyment. Each unit has two spaces for off-street parking, public water and sewer. This central location is minutes to train and bus stations as well as Routes 78, 22 and 31 for commuters. The area also provides a variety of local dining, shopping, recreational activities and top-rated schools, enhancing this unique investment opportunity.
Property Facts
Unit Amenities
- Kitchen
- Oven
- Range
- Tub/Shower
- Deck
- Patio
- Porch
- Window Coverings
Site Amenities
- 24 Hour Access
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | - | - |
| 3+1 | 2 | - | - |
PROPERTY TAXES
| Parcel Number | 14-00031-0000-00002-02 | Improvements Assessment | $1,100,800 |
| Land Assessment | $300,300 | Total Assessment | $1,401,100 |
PROPERTY TAXES
Parcel Number
14-00031-0000-00002-02
Land Assessment
$300,300
Improvements Assessment
$1,100,800
Total Assessment
$1,401,100
zoning
| Zoning Code | R-3 (R-3 Medium Density Residential) |
| R-3 (R-3 Medium Density Residential) |
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Arch Residences | 31-53 Arch St
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