Text or Voice Mail for follow up as telemarketers make it impossible for me to answer unknown numbers. This listing consists of ONE HOME, and TWO ADDITIONAL AND SEPERATE LEGAL COMMERCIAL SPACES! Three mailing addresses, 93, 91, and 89 Market Street are ALL INCLUDED in this offering price! All three addresses are on ONE TAX LOT, which is 93. Don't make the mistake of comping this mixed use property with single family homes. To do so is incorrect and will make you lose a great deal at this price! See LoopNet listing for 93 Market Street to see interior pics there. 91 pretty much needs to be vacuumed, with possibly some paint touch up. From the moment you enter the home's grand entrance hall (tell me WHO has an ENTRANCE HALL at this price?), from the ornate plaster moldings, thirteen step wood moldings, to the eight fireplaces, hidden compartments, and many more charms, "you know it when you see it" with this extraordinarily beautiful colonial. It's very rare to find one of these homes that has not been gutted thereby destroying the extra historical and architectural value that also makes it even easier to rent, and rent for more! The original portion of the home was built in 1790, with a significant addition added circa 1840. Even the basement is original brick and stone. Great bonus opportunity for home/professional office/retail/cafe in two additional and unique commercial spaces. Both commercial spaces are ready to rent with minimal effort. Quickly get them cash flowing while you work on the house! With such an easy layout of the house, if you really want to maximize income, the house might be split into three or possibly four units? Property has awesome potential as a home and/or multiuse cash machine! With only five units bringing in just a conservative estimate on rents, using a 10% cap rate gets you to a conservative minimum value of $600,000 instantly upon completion of renovation/repairs/upgrades. I've had many lowball offers from people who don't seem to understand that this is much more than one generic house. Don't let misunderstanding the offering or misplaced greed hand this money maker (or incredible forever home) to your competitors! The scale of the rooms alone is on a completely different level from anything else that has sold. The finishes as shown in the photos blow every other house out of the water and would cost hundreds of thousands of dollars to add today! There are five LEGAL bedrooms, with 2 no-closet rooms that take potential rental units way beyond studios to 1, possibly even 2 bedroom uses, depending upon your apartment layout plans. Also, If YKYK, in previous dealings, NJ has shown that their issue is ready to be resolved quickly with the provision of the HUD-1.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
