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Apartment Complex For Sale
354 S Main St, Wharton Boro, Morris 07885-2048
Mixed-Use investment opportunity generating around $141,600 annual gross income with newly executed 3-year retail lease and stable residential occupancy. Property is approx 1/2 acre with 2 separate buildings located in a B-1 zoning district (neighborhood business district). Renovations include new roofs, kitchens, bathrooms and utilities. Current use includes 4 apartments and an office space with full kitchens and bathrooms. Great potential for investors. Convenient location in town, close to major highways (Rt 46,15,80), near mass transit, hospital and shopping.
- Property Type:
- Apartment Complex
- Listing Type:
- For Sale
- Listing ID:
- 4030354
- Price:
- $1,800,000
- Year Built:
- 1900
- Lot Area:
- 0.57 Acre
- Status:
- Active
- Office Name:
- WEICHERT REALTORS
- Roof:
- Asphalt Shingle
- Heating System:
- Forced Hot Air, Radiators - Hot Water, 4+ Units, Radiant - Electric
- Cooling System:
- Central Air, Ductless Split AC, 4+ Units
- Basement:
- Full, Unfinished, Storage
- Flooring:
- Laminate, Tile, Concrete, Vinyl-Linoleum, Carpeting
- Sewer:
- Public Sewer
- Utilities:
- Electric, Gas-Natural
- Country:
- US
- State:
- Morris
- County:
- Morris
- City:
- Wharton Boro
- Zipcode:
- 07885-2048
- Street:
- S Main St
- Street Number:
- 354
- Longitude:
- W75° 25' 15.3''
- Latitude:
- N40° 53' 14.2''
- Directions:
- Route 46 to South Main St
- Zoning:
- mixed
- Lot Size Dimensions:
- 150X168 AV
- Water Source:
- Public Water
- Stories Total:
- 2
- Number Of Units Total:
- 5
- Lot Features:
- Level Lot
- Garage:
- 15
- Building Size:
- 3301
- Tax Annual Amount:
- 20534
- List Agent Mls Id:
- 256016
- List Office Mls Id:
- 000646
- Mls Status:
- Active
- Modification Timestamp:
- 2026-05-27T20:41:22Z
- Originating System Name:
- gsmls
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