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16 E Elro Dr Jefferson Twp, NJ $ 850,000
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$ 850,000 Get more info
16 E Elro Dr
$ 850,000
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16 E Elro Dr

Jefferson Twp, NJ, 07438
$ 850,000
Baths0.5

Monthly Estimate*

$ 5,649

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Studio

Commercial Property for sale in Jefferson Twp, NJ

for $850,000 with 5 half baths. This building was built in 1960 on a lot size of 0.34.

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.

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Commercial Active

Price

$ 850,000

Bedrooms

Studio

Half Bath

5

Property Type

Commercial

Taxes

$ 7,979

Style

Lot Size

0.34

Year Built

1960

Town/City

Jefferson Twp

County/Region

Morris

MLS | Web ID

3761997
Features
General
Sewer Septic
Construction See Remarks
Heating 1 Unit
Cooling No Cool
Utilities Electric Gas-Propane
Possession At Closing
Roof Asphalt Shingle
Zoning r
Year Built 1960
Tenant Pays Cable T.V. Electric Gas Heat Hot Water Oil
Township Jefferson Twp.
Property Type See Remarks See Remarks
Tax Year 2021
Percent Ownership Fee Simple
Location Residential Area
Gross Income 66500
County Morris
Net Operating Income 54000
Operating Expense 12500
Status Active
Directions Berkshire Valley Rd To Elro
Total Units 5
Street Name E Elro Dr
Tax Annual Amount 7979
Drive Dirt
Leasable Area 0
Days on Market 755
Standard Status Active
Tax Assessed Value 285600
Town # 2314
Tax Lot 22
Farm Assessment No
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Interior
Flooring Laminate
Fuel Type Electric GasPropL OilAbOut
Total Stories 1
Half Baths 5
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Exterior
Lot Features Corner Lake/Water View Open Lot
Water Source Well
Exterior Description Wood
Building Area Total 0
Lot Dimensions 0.337 AC
Lot Size Acres 0.34
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* Excluded Features
List By
CHRISTOPHER L. BRUSCINO

Listing Agent

Realty Executives Exceptional

Broker

chrisbruscino@hotmail.com

Email

Affordability Calculator

$6,314
Per Month
89%
11%
0%
Monthly Principal & Interest
$5,649
Monthly Property Taxes
$665
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/3/2022$650,000 Listed Price

Map

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16 E Elro Dr, Jefferson Twp, NJ, 07438 is a Commercial Property for sale at $850,000 with a lot size of 0.34. 16 E Elro Dr is a studio with 0.5 baths and was built in 1960. The property's zip code is 07438 which is in Jefferson Twp, NJ

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