Price History
$650,000
2/2/2022
$699,900
5/22/2022
$850,000
6/11/2023
16 E Elro Dr, Jefferson Township, NJ, 07438-9337
1960
0 sqft
5 Unit multi-family property offering 3 standalone structures -- 16 E Elro, 18 E Elro and 20 E Elro. The 16 E Elro 2-family, lakeview property consists of a 1 BR, 1-bath unit on the 1st floor and a 2-BR, 1-Bath unit on the 2nd floor. 18 E Elro is a stand-alone cottage with an open floor plan and 1-bath. 20 E Elro is a side-by-side, 2-family dwelling with 1-BR and 1-Bath unit on each side. These 3 structures offer a terrific and rare investment opportunity. When fully rented, the annual gross income is over $66,500, annual expenses are approximately $12,500 for an. All dwellings are on one lot as per seller.
Status:
Active
Type:
Commercial
Units:
5
Zoning:
r
Heating:
Electric, GasPropL, OilAbOut 1 Unit
Cooling:
No Cool
Levels:
1
Parking:
Dirt
Lot Size:
0.337 AC
Acreage:
0.34
Est. Taxes:
$7,979
Assessment
$285,600
Current Use
See Remarks
Utilities
Electric, Gas-Propane
Lot Description:
Corner, Lake/Water View, Open Lot
MLS #:
3761997
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