22 days on rocket

621-625 S Main St, Phillipsburg Town, NJ, 08865

$995,000

Home List Price

$10,000*

Closing Credit

12 Bedrooms
4 Full Baths
Multi
Schools Nearby

Location

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621-625 S Main St, Phillipsburg$995,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
Parking1 Car Width, Gravel, On-Street Parking, Parking Lot-Exclusive
Year Built1925
HeatingNatural Gas
BasementYes
MLS #3900257
StatusActive

About 621-625 S Main St

Investment Opportunity on Main Street, Phillipsburg, NJ.Welcome to a prime investment opportunity nestled in the heart of Phillipsburg, NJ, where convenience meets comfort! 4 units each unit has 3 bed/1bath with fully finished attic and unfinished basement. Located right on S Main St, this multifamily property offers unparalleled accessibility to schools, shopping centers, and all the town amenities one could desire.Fully Renovated: This three-story gem boasts modern upgrades throughout, featuring three spacious bedrooms, a sleek bathroom, and a finished attic space that can easily serve as a fourth bedroom or an office/gym/den or multipurpose space. New windows in some of the units, brand new water heater in one of the units. Each unit comes with its own designated parking space. 100% occupied with tenants. Why Invest Here?Cash Flow King: With its fully occupied status and prime location, this property promises a lucrative return on investment, ensuring your money works hard for you.Rare Gem: Opportunities like this don't come often! Seize the chance to own a piece of Main Street real estate, where demand is high and vacancy rates are low.Tax-Friendly: Enjoy the benefit of low real estate taxes, maximizing your profits and minimizing your expenses.Don't miss out on this exceptional investment opportunity that promises both immediate returns and long-term appreciation. Gross annual rental income $97,500 & only $8000 in taxes!!!

Property Details

Property Features

Property Information:

  • Architectural Style: 3-Three Story, Fourplex
  • Year Built: 1925

Listing Office:

  • Office Name: REAL
  • Office Phone: (855) 450-0442

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Basement: Yes
  • Interior: Blinds, Carbon Monoxide Detector, Drapes, Fire Extinguisher, Smoke Detector, Tile Floors, Walk-In Closet, Wood Floors

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 12

Exterior Features

Exterior Information:

  • Exterior: Open Porch(es)

Parking Information:

  • Parking: 1 Car Width, Gravel, On-Street Parking, Parking Lot-Exclusive

Utilities

Utilities Information:

  • Heating: Natural Gas

School Info

Assigned Schools Information:

  • Pohatcong Township School, Public District Grades PK-8

Other

Directions Information:

  • Directions: Rt 22 w, then 519 then right on S Main St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $995,000
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Housing Market Comparison

See how this home compares to others in Phillipsburg, NJ.

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Phillipsburg, NJ

City

Med. Sold Price

$291.8K

Med. Price/SqFt

$191

Avg. Days On Market

17

# of Sold Homes

25

621-625 S Main St vs Phillipsburg

22 DAYS ON ROCKET

+5 Days

$995,000

+$703.2K More

KEY TAKEAWAY

This property is $703.2K more than the Median Sold Price in Phillipsburg, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #3900257

Listing Office:

  • Office Name: REAL
  • Office Phone: (855) 450-0442

Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as an IDX Listing. Information deemed reliable but not guaranteed.

Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/29/2024, 1:55:43 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Payment Calculator

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4178966
4
/10

  • Pohatcong Township School

  • 240 Ruth Ave # 519

  • 1.73 miles

  • Public District Grades PK-8

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $83,848. Most Phillipsburg, NJ residents have annual incomes between $35k-100k. Most families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Warren County›Phillipsburg›08865›621-625 S Main St

This home is located at 621-625 S Main St in Phillipsburg Town, NJ and zip code 08865. This home was built in 1925. Features: 12 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 06, 2024 and is currently priced at $995,000.

While more than 15 listings in Phillipsburg, NJ in April 2024 were sold above asking price, there were more than 2 listings sold at asking price, and more than 8 were sold below. In April 2024 in Phillipsburg, NJ there were 6% more homes for sale than in March 2024. In April 2024, listings were on the market for 17 days. During the same period, the median list price in this real estate market was $291,800.

From Rocket Homes Real Estate and based on county public records data.

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