Stillwater Twp., NJ 07860 1055-1057 Rt521
$495,000
5 more
Presented By: REALTY EXECUTIVES MOUNTAIN PROP.; 973-827-6767
- MLS# 3961773
- 05/08/2025
Disclaimer: The information contained in this listing has not been verified by MyHouseNJ.com and should be verified by the buyer.
Beds • 4
Baths • 3
Home Details
Extremely well taken care of investment property with 3 units fully rented & a current Cap Rate based on asking price of 7%. Low taxes. Located in the quiet rural area of Stillwater this property has 2 buildings. Option to live in one and rent other 2. The smaller building (unit 1) has 1-bedroom & 1 bathroom while the 2-family property has 1 bedroom & 1 bathroom on the ground floor level (unit 2) & 2 bedrooms & 1 bathroom upstairs (unit 3). A fantastic turnkey Investment property!
Presented By: REALTY EXECUTIVES MOUNTAIN PROP.; 973-827-6767
Interior Features for 1055-1057 Rt521
Bedrooms
Total Bedrooms4
Unit 1 Beds Total1
Unit 2 Beds Total1
Unit 3 Beds Total2
Bathrooms
Half Baths0
Unit 1 Baths Total1.0
Unit 2 Baths Total1.0
Unit 3 Baths Total1.0
Other Interior Features
Unit 1 Sq Ft0
Unit 2 Sq Ft0
Unit 3 Sq Ft0
Unit 1 Levels1
Unit 2 Levels1
Unit 3 Levels1
UnitType1TotalRent1310
UnitType2TotalRent1550
UnitType3TotalRent1450
Unit 3 Fireplaces0
Unit 3 Handicap ModifiedNo
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipCarbon Monoxide Detector
Unit 2 Appl/EquipCarbon Monoxide Detector
Unit 3 Appl/EquipCarbon Monoxide Detector
BasementPartial
Fuel TypeElectric, Oil Tank Above Ground - Outside
Other Rooms
Unit 2 Rooms4
Unit 1 Rooms5
Unit 3 Rooms5
Unit 3 Room DescriptionBedrooms, Kitchen, Living/Dining Room
Unit 1 Room DescriptionKitchen, Living Room, Living/Dining Room, Master Bedroom
Unit 2 Room DescriptionKitchen, Living/Dining Room, Master Bedroom
General for 1055-1057 Rt521
Architectural Style1-One Story, 2-Two Story
CoolingNone
CountySussex
DirectionsRt 622 from Newton to Stillwater Rt 521
DriveAdditional Parking, Crushed Stone
EasementUnknown
Elementary SchoolSTILLWATER
Full Baths3
Gross Income51540
Heating2 Units
High SchoolKITTATINNY
Middle/Junior High SchoolSTILLWATER
Net Operating Income33501
Number Of Units Total3
Open Parking Spaces6
Operating Expense18000
Possessionnegotiable
RoofAsphalt Shingle
SewerSeptic
Standard StatusActive
StatusActive
Tax Annual Amount6454
Tax Assessed Value177900
Tax Lot12
Tax Year2024
Total Rooms14
Town #2822
TownshipStillwater Twp.
UtilitiesElectric
Year Built9999
ZoningResidential
Exterior for 1055-1057 Rt521
Exterior DescriptionWood
Lot Dimensions73X138 AV
Lot FeaturesLevel Lot
Lot Size Acres0.23
Water SourceWell
Additional Details
Price History
Schools
Elementary School Stillwater Elementary School
High School Kittatinny High School
Middle School Stillwater Middle School
