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$850,000 - 16 E Elro Dr, Jefferson Twp.

-
Bedrooms
-
Baths
N/A
SQ. Feet
0.34
Acres

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, lakeview 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 $66,500, annual expenses are approximately $12,500 for an. All dwellings are on one lot as per seller.

Essential Information

  • MLS® #:
    3761997
  • Price:
    $850,000
  • Acres:
    0.34
  • Year Built:
    1960
  • Type:
    Commercial
  • Status:
    Active

Community Information

  • Address:
    16 E Elro Dr
  • City:
    Jefferson Twp.
  • County:
    Morris
  • State:
    NJ
  • Zip Code:
    07438-9337

Amenities

  • Utilities:
    Electric, Gas-Propane
  • Parking:
    Dirt

Interior

  • Heating:
    Electric, Gas-Propane Leased, Oil Tank Above Ground - Outside
  • # of Stories:
    1

Exterior

  • Exterior:
    Wood
  • Lot Description:
    Open Lot, Corner, Lake/Water View
  • Roof:
    Asphalt Shingle

Additional Information

  • Date Listed:
    February 2nd, 2022
  • Days on Market:
    813
  • Zoning:
    r

Listing Details

  • Listing Office:
    Realty Executives Exceptional

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Listing information last updated on April 25th, 2024 at 7:03pm EDT.