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3 Properties, Triplex, Single Family, LOT 1001 NJ-47 4 Unit Apartment Building $1,338,317 CAD ($334,579 CAD/Unit) Rio Grande, NJ 08242



Investment Highlights
- Corner commercial parcel.
- Flexible use with Residential and Town Business Zoning
- New flooring, Updated kitchen & bath
Executive Summary
3 Properties being offered together on the corner of Route 47 across from the famous Menz Restaurant and Bar. One triplex, a lot, and a single family home. Total acreage is 1.35 Acres and zoned Town Business and Residential . The First property is 1001 Rt 47 S a triplex zoned Town Business on a corner lot approx. .53 acres irregular 60' Highway Frontage 205' Long Irregular Shape. It has Two 1bed/1bath and one 2 bed 1bath in the building. The next property is 4 Fulling Mill an empty lot that has landscape renting the ground for storage. Zoned R and .32 acres with 175' of frontage and is irregular on depth. There is a small shed on the property. The third property is 6 Fulling Mill Road, recently updated zoned R and on a .5 acre lot with 142' of frontage and irregular shaped lot. This home has been recently updated with flooring, kitchen, bath, hvac and more. It has a 2 bed 1 bath single family home on it with a side deck, very open floor plan with a sitting room, living room and eat in kitchen. Total Frontage down Fulling Mill Road is approx 456', 60' on Rt 47, 204' on Kimbles ave Irregular Shape. TB Permitted uses:(1) Retail sales. (2)Service uses (3)Restaurants, with the exception of drive-throughs in the Cape May Court House Overlay Zone. (4) Professional offices.(5) Banks and similar financial institutions.(6) Business offices. (7) Health care facilities and services. (8) Bed-and-breakfasts. (9) Studios. (10)Recreational, cultural and entertainment facilities (11) Automobile, camper, and boat sales, except in the Cape May Court House Overlay Zone.(12) Apartment(s)above a permitted commercial use, with a maximum of two units and a maximum floor area of 2,000 square feet per unit.(13)Care facilities. All information provided is deemed reliable gathered from public sources all buyers should do their own research to confirm information gathered.
Property Facts
| Price | $1,338,317 CAD | Building Class | C |
| Price Per Unit | $334,579 CAD | Lot Size | 1.35 AC |
| Sale Type | Investment | Building Size | 2,982 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1955 |
| Property Subtype | Apartment | ||
| Zoning | TB - Town Business | ||
| Price | $1,338,317 CAD |
| Price Per Unit | $334,579 CAD |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 1.35 AC |
| Building Size | 2,982 SF |
| No. Stories | 1 |
| Year Built | 1955 |
| Zoning | TB - Town Business |
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Property Taxes
| Parcel Number | 06-01424-0000-00001 | Improvements Assessment | $174,048 CAD |
| Land Assessment | $148,618 CAD | Total Assessment | $322,666 CAD |
Property Taxes
Parcel Number
06-01424-0000-00001
Land Assessment
$148,618 CAD
Improvements Assessment
$174,048 CAD
Total Assessment
$322,666 CAD
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3 Properties, Triplex, Single Family, LOT | 1001 NJ-47
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