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2 Mine St
Flemington, NJ 08822
Multifamily Property For Sale · 4 Units

Investment Highlights

  • 6 Units: 4 Apartments + 2 Store Fronts
  • In the Middle of Flemington Downtown
  • Safe, Gentrified Neighborhood.
  • Great Corner Location-Amazing Visibility.
  • Money Maker: Cap Rate of 8.05

Executive Summary

Highly Profitable Money Maker. Gross Rental Income: $132,600. Net Income: $96,600. Cap Rate 8. In the heart of Flemington Main St amongst cafes & restaurants. Only a block from the County Courthouse & Historic Union Hotel which is been renovated into a 100 room hotel & newly developing upscale townhomes & apartments. Great safe neighborhood seeing tremendous growth year over year. This investment property on the corner of Main St & Mine St consists of 4 Apartments & 2 Storefronts. Tenants pay heat, hot water & sewer. Perfect Opportunity for 1031 Exchange & Investors looking for Cash Flow.

Property Facts

Price Per Unit $408,307 CAD
Sale Type Investment
Cap Rate 8.80%
No. Units 4
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Low-Rise
Building Class B
Lot Size 0.08 AC
Building Size 5,933 SF
No. Stories 3
Year Built 1900
Opportunity Zone Yes
Zoning C - Commercial

Amenities

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • On-Site Retail
  • Smoke Free
  • Walk-Up
  • Smoke Detector

Property Taxes

Property Taxes

Parcel Number
09-00036-0000-00019
Land Assessment
$228,859 CAD
Improvements Assessment
$958,176 CAD
Total Assessment
$1,187,035 CAD
  • Listing ID: 34540192

  • Date on Market: 2025-01-19

  • Last Updated:

  • Address: 2 Mine St, Flemington, NJ 08822

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