Great investment opportunity with multiple income sources. 5.5% cap rate! Two floors, 8 condo office building,15 total rental units, 9 current tenants with service agreements, also multiple virtual clients which bring in additional income! Virtual clients have no limit so there is plenty of room for growth. This office building is located in a beautiful office park in a high traffic area with easy access to all major highways. Features one main entrance, reception area/front desk, kitchenette, large courtyard and plenty of parking. Both floors recently updated each with 2 bathrooms, great finishes, bonus lofts, state of the art conference room, newer HVAC, and great natural light throughout the building. Financials available upon request. Additional condo also available in separate building only with purchase of building F 1,200 sqft.
Off market
$1,044,800
115 Us Highway 46, Mountain Lakes, NJ 07046
--beds
10,400sqft
Condo
Built in 1987
-- sqft lot
$1,044,800 Zestimate®
$100/sqft
$5,786 Estimated rent
What's special
Services availability
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Estimated market value
$1,044,800