481 Hamilton St, Franklin Twp., NJ 08873
- $688,000
- 6
- BD
- 3
- BA
- List Price
- $688,000
- Status
- ACTIVE
- Days on Market
- 0
- MLS#
- 4055764
- Year Built
- 1950
- Bedrooms
- 6
- Bathrooms
- 3
- Full Baths
- 3
- Acres
- 0.08
Property Description
481 Hamilton Street (Block 194, Lot 129) presents an exceptional value-add opportunity in Franklin Township's High-Business District (HBD) zone. Featuring a versatile multi-unit residential configuration, verified by Township as a legal use of pre-existing non-conforming 2-family. This property is ideally suited for investors, contractors, or buyers looking to maximize income potential. Situated on a high-visibility corridor close to local shopping, public transportation, and major commuter routes into New Brunswick, this property offers incredible upside. Property is being sold in 'as-is' condition. Bring your imagination and vision to unlock the full potential of this prime Somerset location! This well-maintained 2 family home offering the perfect blend of flexibility and income potential. The home features two bedroom, 1 full bath unit on lower level, and 2+2 bedrooms , 2 full bath room on top level. Driveway parking with large backyard. Perfect for a new owner to move right in while collecting rent from the other unit, or easily leased for additional cash flow. Separate gas and electric meters, tenants pay all utilities, includes heat, electricity, water, sewer, trash etc. Low taxes.A potential 7.3%+ cap rate
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Additional Information
- Interior Features
- Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Wood Floors
- Exterior Features
- Curbs, Open Porch(es), Sidewalk, Storm Door(s)
- Taxes
- $4,516
- Heating
- 2 Units, Baseboard - Hotwater
- Air Conditioning
- Window A/C(s)
- Exterior Features
- Vinyl Siding
- Roof
- Asphalt Shingle, See Remarks
- Parking
- 1 Car Width, Blacktop, Driveway-Exclusive, Off-Street Parking
- Garage
- None
- Elementary School
- PINE GROVE
- Middle School
- FRANKLIN
- High School
- FRANKLIN
- Number Of Units
- 2
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Listing Courtesy Of ELITE REALTORS OF NEW JERSEY, Contact: 973-723-2015
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