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116 Musconetcong River Rd

Lebanon Twp., NJ 07882
  • $415,000
  • STATUS: Active Under Contract
  • ON SITE: 177 Days
  • MLS #: 3871581
Under Contract
$415,000
  • 3
    BEDS
  • 0.89
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,856
    SQFT
  • $224
    $/SQFT
Type:
Multi-Family
Built:
1800
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Custom Built 3-bedroom Colonial with old world character and a rocking chair front porch on the Musconetcong River in mint condition. Presently set up as a legal two-family home, it can easily be converted back to a single-family home. This is the perfect home to live on one floor and rent the other to pay your mortgage or use as an In-Law Suite on the first floor. Separate entrances and electric meters, deck and porch, basement and walk-up attic, private rural location yet close to Rt 78 and NJ Transit Train Station. This is a one-of-a-kind home with majestic River views and frontage, fish, swim or put your boat in from your property, perfect for a home or investment property. This property is not in a flood zone and flood insurance is not required. Owned and loved for over 65 years by one Owner. This property has a NOI of $30,433 at market rent, cap rate of 7.33% at list price.

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Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Dekanski Home Selling Team :: RE/MAX 1st Advantage. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than The Dekanski Home Selling Team :: RE/MAX 1st Advantage are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-04-18T12:23:44.723.
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116 Musconetcong River Rd Lebanon Twp., NJ 07882

  • Price: $415,000
  • Status: Active Under Contract
  • On Site: 177 Days
  • MLS #: 3871581
3
Beds
2
Baths
0
½ Baths
0.89
Acres
1,856
SQFT
$224
$/SQFT
1800
Built
County:
Hunterdon
Area:
Lebanon Twp.
Elementary School:
Valleyview
Middle School:
Woodglen
High School:
Voorhees
Property Description
Custom Built 3-bedroom Colonial with old world character and a rocking chair front porch on the Musconetcong River in mint condition. Presently set up as a legal two-family home, it can easily be converted back to a single-family home. This is the perfect home to live on one floor and rent the other to pay your mortgage or use as an In-Law Suite on the first floor. Separate entrances and electric meters, deck and porch, basement and walk-up attic, private rural location yet close to Rt 78 and NJ Transit Train Station. This is a one-of-a-kind home with majestic River views and frontage, fish, swim or put your boat in from your property, perfect for a home or investment property. This property is not in a flood zone and flood insurance is not required. Owned and loved for over 65 years by one Owner. This property has a NOI of $30,433 at market rent, cap rate of 7.33% at list price.
Exterior Features

Approximate Lot Size .89 Exterior Description Aluminum Siding Exterior Features DeckOpen Porch(es)PatioStorage ShedStorm Door(s)Storm Window(s) Lot Description Waterfront Number Of Parking Spaces 4 Parking Driveway Description 2 Car WidthBlacktopDriveway-ExclusiveLightingOff-Street Parking Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description PartialUnfinished Cooling None Heating 1 UnitMulti-ZoneRadiators - Hot Water Interior Features BlindsCarpetingVinyl-Linoleum Floors Total Number Of Rooms 8 Unit1 Appliances Equipment Range/Oven - ElectricSelf-Cleaning OvenWater Filter Unit1 Baths 1.0 Unit1 Bedrooms 1 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsDenEat-In KitchenLiving RoomPantryUtility Room Unit1 Rooms 4 Unit1 Security Deposit 9999 Unit1 Sq Ft 926 Unit2 Appliances Equipment Range/Oven - ElectricRefrigeratorWater Filter Unit2 Baths 1.0 Unit2 Bedrooms 2 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description AtticBedroomsEat-In KitchenFamily RoomPantry Unit2 Rooms 4 Unit2 Sq Ft 926

Property Features

Assessment Total 268700 Building Assessment 181600 Easement Yes Easement Description access Exclusions 1st floor refrigerator Expenses Include InsuranceMaintenanceOilTaxes Fha Age Restricted No Fuel Type OilAbIn Gross Operating Income 40800 Land Assessment 87100 Net Operating Income 30433 Renovated Year 1968 Services Cable TV AvailableGarbage Extra Charge Sewer Septic 3 Bedroom Town Verified Tax Amount 6871 Tax Rate Amount 2.557 Tax Rate Year 2022 Tax Year 2022 Total Operating Expense 10367 Unit Style 2-Two Story Unit1 Owner Tenant Pays Owner Pays HeatOwner Pays WaterTenant Pays Electric Unit1 Rent 1600 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays HeatOwner Pays WaterTenant Pays Electric Unit2 Rent 1800 Unit2 Security Deposit 9999 Utilities Electric Water Well Water Heater From Furnace Year Built Description ApproximateRenovated Zoning Residential

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Re/Max Heritage Properties: 973-598-1700.


Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Dekanski Home Selling Team :: RE/MAX 1st Advantage. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than The Dekanski Home Selling Team :: RE/MAX 1st Advantage are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-04-18T12:23:44.723.
 
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