BEDS8
BATHS6 full
MLS#4013888
STATUS
PROPERTY TYPEMulti Unit - Multiple
Property Description
Charming, income-producing multi-family just steps from Lake Hopatcong a rare value-add opportunity in a highly desirable lake community offering stunning views. This 4-unit property (with potential for a legal 5th unit, subject to municipal approvals) sits on nearly a full acre and currently generates approximately $92,000 annually, reflecting an attractive 7.1% cap rate with low operating expenses. Each unit is separately metered and equipped with newer tankless water heating systems, helping to minimize owner expenses. Recent exterior improvements include a newly paved driveway and retaining wall. With light interior renovations, three units present immediate rent growth potential. Located within walking distance to the public beach and close to the marina, shopping, and dining, the property offers strong long-term rental appeal and consistent tenant demand. Financials and detailed unit breakdown available upon request.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Bilco-Style Door
Cooling: Ceiling Fan, Window A/C(s)
Fuel Type: Gas-Natural
Heating: Baseboard - Hotwater
Lot Size: 0.94 Acres
Roof Type: Asphalt Shingle
Taxes: $14,859
Year Built: 1904
Amenities
Carbon Monoxide Detector
Carpeting
High Ceilings
See Remarks
Feature Descriptions
Days on Site: 7
Driveway: Blacktop, Common, Off-Street Parking
Exterior: Vinyl Siding
Lot: Lake/Water View
Lot Dimensions: 0.94 acre(s)
Parking Notes: None
Sewer: Public Sewer
Utilities: Gas-Natural
Water: Public Water
Listed By / Shown By
Listed By
Agency Name: BLUE LINE REALTY GROUP LLC
Agency Contact: 201-440-3700
Shown By
Agency Title: RealtyMark
Agency Phone: 888-240-0600
Estimate Your Payment
Estimated Payment
$ 3,438.31 per month $1,945.15 Principal & Interest $1,238.25 Property Tax $254.92 Homeowner's InsuranceChange Payment Information
22 Sunset Ter | MLS# 4013888
This multi-family property located at 22 Sunset Ter, Mount Arlington, NJ 07856 is currently listed for sale with an asking price of $874,000. Search Mount Arlington real estate on www.realtymark.net today.