Skip To Content

74 E Prospect Street

HOPEWELL, NJ 08525
  • $599,000
  • STATUS: Active Under Contract
  • ON SITE: 445 Days
  • ID#: NJME2005002
Under Contract
UPDATED: 179 min ago
$599,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,068
    SQFT
  • $290
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1935
County:

School Ratings & Info

Description

Back on Market! Purchase with Loan or Cash Acceptable...Lucrative 3-Unit Investment Property in High-Demand Hopewell Borough, excellent quiet location just a few blocks from Brick Farm Market, Shops and Restaurants. Walk to elementary school, park and shopping! Two-family dutch colonial house with separate Detached Cottage in the back situated on a wide double lot with a detached 2 car garage. Main house includes two 2-Bedroom/1 Bath apartments, each with its own furnace and hot water heater. 1st floor apartment is large, featuring 2 bedrooms/1 Bathroom, 2nd bedroom leads into an office/study space, large Living Room with charming fireplace, Dining Room, and Sunporch with walls of windows and Separate Entrance. 2nd floor apartment features 2 Bedrooms, cedar closets, large Kitchen with pantry, Bathroom with tub/shower, and Living Room. 2nd bedroom has access to the attic which can be used for extra storage space or could be turned into a study. Both apartments have access to laundry and storage in the basement. The back Cottage includes 2 beds/1 bath. All units have access to large side and backyards and ample parking.Unit 1 (Downstairs Apt): $1700/Month Rent, month to month lease. Unit 2 (Upstairs Apt): Vacant, was leased at $1750/mo. Unit 3 Cottage: $950/Month Rent, month to month lease. Garage bays not included in rent and can be leased separately.ALL TENANTS PAY THEIR OWN UTILITIES. Owners pays water, sewer, insurance and taxes.Insurance: $962/year; Water bill: avg. $250/quarter; Sewer bill: avg. $256/quarter.Furnaces replaced 2016. 3 Hot water heaters replaced 2015-2018. Property being sold as-is.

Monthly Payment Calculator



©2022 Bright MLS, All Rights Reserved. IDX information 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-12-03T23:50:05.583.
www.locomusings.com/homes/121430340
Print Image

74 E Prospect Street HOPEWELL, NJ 08525

  • Price: $599,000
  • Status: Active Under Contract
  • On Site: 445 Days
  • Updated: 179 min ago
  • ID#: NJME2005002
0
Beds
0
Baths
0
½ Baths
0.22
Acres
2,068
SQFT
$290
$/SQFT
1935
Built
Neighborhood:
Hopewell Boro (21105)
County:
Mercer
Area:
Hopewell Boro (21105)
School District:
Hopewell Valley Regional Schools
Property Description
Back on Market! Purchase with Loan or Cash Acceptable...Lucrative 3-Unit Investment Property in High-Demand Hopewell Borough, excellent quiet location just a few blocks from Brick Farm Market, Shops and Restaurants. Walk to elementary school, park and shopping! Two-family dutch colonial house with separate Detached Cottage in the back situated on a wide double lot with a detached 2 car garage. Main house includes two 2-Bedroom/1 Bath apartments, each with its own furnace and hot water heater. 1st floor apartment is large, featuring 2 bedrooms/1 Bathroom, 2nd bedroom leads into an office/study space, large Living Room with charming fireplace, Dining Room, and Sunporch with walls of windows and Separate Entrance. 2nd floor apartment features 2 Bedrooms, cedar closets, large Kitchen with pantry, Bathroom with tub/shower, and Living Room. 2nd bedroom has access to the attic which can be used for extra storage space or could be turned into a study. Both apartments have access to laundry and storage in the basement. The back Cottage includes 2 beds/1 bath. All units have access to large side and backyards and ample parking.Unit 1 (Downstairs Apt): $1700/Month Rent, month to month lease. Unit 2 (Upstairs Apt): Vacant, was leased at $1750/mo. Unit 3 Cottage: $950/Month Rent, month to month lease. Garage bays not included in rent and can be leased separately.ALL TENANTS PAY THEIR OWN UTILITIES. Owners pays water, sewer, insurance and taxes.Insurance: $962/year; Water bill: avg. $250/quarter; Sewer bill: avg. $256/quarter.Furnaces replaced 2016. 3 Hot water heaters replaced 2015-2018. Property being sold as-is.
Exterior Features

Architectural Style Other Construction Materials Stick Built Exterior Features SidewalksStreet Lights Garage Spaces 2.00 Garage Type Garage - Front Entry Garage YN Yes Lot Features LevelOpen Other Structures Above GradeBelow Grade Parking Types Detached GarageDrivewayOff Street Pool No Pool Riparian Rights YN No Roof Pitched Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2068 Basement FullUnfinished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling None Fireplace YN Yes Fireplaces Total 1 Flooring Wood Heating Hot Water Heating YN Yes Rooms Total 10 Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 3

Property Features

Acceptable Financing CashConventional Accessibility Features 2+ Access Exits Assessment Year 2021 Central Air YN No Cooling Fuel None Cross Street Maple Electric 100 Amp Service Existing Lease Type Month To Month Foundation Details Brick/Mortar Gross Income 52800.00 Heating Fuel Natural Gas Hot Water Electric Municipality Hopewell Boro Navigable Water YN N New Construction YN No Number Of Units Leased 3 Number Of Units Total 3 Number Of Units Vacant 1 Original MLSNumber 801046258936 Owner Pays SewerWaterTaxes - Real EstateInsurance Ownership Interest Fee Simple Possession Immediate Property Sub Type Triplex Sale Type Standard Sewer Public Sewer Structure Design Type Other Tax Annual Amount 12776.00 Tax Assessment Amount 406800.00 Tax Lot 00025 Total Actual Rent 52800.00 Vacation Rental YN No Water Source Public Window Features Replacement Zoning R75p

Listing courtesy of Bhhs Fox & Roach - Princeton: .


©2022 Bright MLS, All Rights Reserved. IDX information 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-12-03T23:50:05.583.
 
https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_801046258936-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_801046258936-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_801046258936-2.jpg
Logo
LoCoMusings | Century 21 Redwood Realty
540 Fort Evans Road Suite 303
Leesburg VA, 20176