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c.2022:REALTY EXECUTIVES- EXCEPTIONAL REALTORS-Sparta or Assignees

5 Unit multi-family property offering 3 standalone structures -- 16 E Elro, 18 E Elro and 20 E Elro. The 16 E Elro 2-family, lakefront property consists of a 1 BR, 1-bath unit on the 1st floor and a 2-BR, 1-Bath unit on the 2nd floor. 18 E Elro is a stand-alone cottage with an open floor plan and 1-bath. 20 E Elro is a side-by-side, 2-family dwelling with 1-BR and 1-Bath unit on each side. These 3 structures offer a terrific and rare investment opportunity. When fully rented, the annual gross income is over $66,000, annual expenses are approximately $11,000 for an Approximate Cap Rate of 8.5%. All dwellings are on one lot as per seller.
MLS#: 3761954
Unit: 
Price:  $699,900
Bedrooms:  6
Baths:  5.00
Sq Ft: 
Lot Size:  0.34 acres
Garage: 
Zoning: 
Subdivision: Oakridge
Year Built: 1960
Schools: 
Map location from available data. Location should be verified. Click map for interactive view.

REALTY EXECUTIVES- EXCEPTIONAL REALTORS-Sparta

CHRISTOPHER L. BRUSCINO
54 Woodport Rd
Sparta, NJ | 07841

Direct: 973-729-7141
Toll Free: 1-866-697-3265

CHRISTOPHER L. BRUSCINO

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