1 Memorial Parkway Phillipsburg Town, NJ
$ 525,000
Property Attributes
  • MLS#3742180
  • TypeCommercial
  • CountyWARREN
  • CityPhillipsburg Town
  • AreaPhillipsburg Town
  • Zip08865
  • StyleApartment Complex
  • Year Built1940
  • Taxes$ 13649
  • Price$ 525,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms7
  • Sqr Footage7200
  • Lot Size6,098 SqFt
Listing Provided Courtesy Of:
Data Source:
Garden State MLS (GSMLS)
Property Description

Excellent location at the edge of town and route 22. Charming apartments here have excellent rental history. Who's ready for a nice 8% CAP Rate? Here is a great money-maker in an excellent location. This property has been maintained quite well but still has further to go, if you want to add more value and increase some rents as units open up. Tenants enjoy living in this neat spot at the edge of town; very convenient to walk to parks and some shops from here. Downtown Phillipsburg now has a south Main St. Alliance that is focused on improving the quality of life and downtown streetscapes. In this market it's tough to find really excellent cash-flowing investments. Look no further - here is the perfect jewel to buff and add value to your real estate portfolio!

Price History
9/22/2021 Listed $525,000

General Features

Basement Full
Construction Wood
Cooling Window A/C(s)
Drive Gravel, Off-Street Parking, Parking Lot-Shared
Garage Spaces 7
Heating Radiators - Hot Water
Num Apts 7
Number Of Amps 200
Prior Use residential rentals
Property Type Apartment Complex
Property Type Apartment Complex
Roof Asphalt Shingle
Sewer Public Sewer
Tax Annual Amount 13649
Total Units 8
Town # 3019
Township Phillipsburg Town
Utilities Gas-Natural
Zoning residential

Interior Features

Fuel Type Gas-Natural
Num 1 Bdrm Units 6
Num 3 Bdrm Units 1
Num Units W/full Bath 7

Exterior Features

Building Area Total 7200
Exterior Description Aluminum, Brick
Lot Dimensions .137 ACRE
Lot Features Level Lot
Water Source Public Water


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 08865

AVG $400K
AVG $12,358
AVG 131
Year Built
AVG 1924
AVG 50
Data Provided by Walkscore ® not using MLS data

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