- $850k Price
- .34 Acres
- 816 DOM
16 E Elro Dr
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
- Acres0.34
- Year Built1960
- TypeCommercial
- StatusActive
Community Information
- Address16 E Elro Dr
- CityJefferson Twp.
- CountyMorris
- StateNJ
- Zip Code07438-9337
Amenities
- UtilitiesElectric, Gas-Propane
- ParkingDirt
Interior
- # of Stories1
Heating
Electric, Gas-Propane Leased, Oil Tank Above Ground - Outside
Exterior
- ExteriorWood
- RoofAsphalt Shingle
Lot Description
Open Lot, Corner, Lake/Water View
Additional Information
- Date ListedFebruary 2nd, 2022
- Days on Market816
- Zoningr
Listing Details
- OfficeREALTY EXECUTIVES EXCEPTIONAL
- Contact Info973-903-5917
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Listing information last updated on April 28th, 2024 at 7:33am EDT.