481 Hamilton St, Franklin Twp., NJ 08873

$688,000
6
BD
3
BA
List Price
$688,000
MLS#
4055764
Year Built
1950
Status
ACTIVE
County
Somerset
City
Franklin Twp.
Bedrooms
6
Bathrooms
3
Baths Full
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

Additional Information

Taxes
$4,516
Cooling
Window A/C(s)
Exterior
Vinyl Siding
Garage Description
None
Heating
2 Units, Baseboard - Hotwater
Interior
Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Wood Floors
Roof
Asphalt Shingle, See Remarks
Elementary School
PINE GROVE
Middle School
FRANKLIN
High School
FRANKLIN
Sewer
Public Sewer
Water
Public Water
Basement
Yes
Lot Description
Level Lot
Exterior Features
Curbs, Open Porch(es), Sidewalk, Storm Door(s)
Garage Description
None

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing Courtesy Of ELITE REALTORS OF NEW JERSEY, Contact: 973-723-2015

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