Discover an EXCEPTIONAL INVESTMENT OPPORTUNITY with this Beautifully Newly 2024 REMODELED 5-unit MULTI-FAMILY APARTMENT BUILDING. Ideally situated in DESIRABLE Alpha Boro, this apartment building features 3- 1 Bedroom, 1- 2 Bedroom and 1- 3 Bedroom apartments. With Modern Upgrades throughout, the building boasts a BRAND NEW ROOF, NEW WATER HEATERS, NEW carpet and LVP, updated baths, FRESH PAINT and contemporary kitchens complete with NEW CABINETS, COUNTERTOPS, and STAINLESS-STEEL APPLIANCES. The exterior shines with NEW VINYL SIDING, shutters, and a freshly painted block facade. Enjoy the benefits of a newly installed PAVER PATIO and a stone off-street PARKING LOT, providing ample parking for residents. Each apartment has its OWN ENTRANCE, ensuring privacy and independence. Separate electric meters make for easy management. Utilize the basement for additional storage or coin laundry to maximize profits! This TURNKEY investment property is ready for market-rate tenants, offering a hassle-free opportunity to capitalize on the thriving rental market. Don't miss out on this remarkable property that combines modern living with exceptional curb appeal! Certificate of Occupancy has been completed! Currently 80% leased.
Active
$999,900
427 E Central Ave, Alpha Boro, NJ 08865
8beds
--sqft
Est.:
Multi Family
Built in 1880
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Exceptional curb appealStone off-street parking lotBrand new roofContemporary kitchensFreshly painted block facadeStainless-steel appliancesNew vinyl siding
- 184 days
- on Zillow |
- 344 |
- 9 |
Zillow last checked: April 25, 2025 at 11:55pm
Listing updated: April 11, 2025 at 03:04am
Listed by:
Ashley Carrigan 610-867-8888,
Keller Williams Real Estate
Source: GSMLS,MLS#: 3931051

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Baseboard - Electric, Electric
Cooling
- Ceiling Fan(s)
Appliances
- Included: Microwave, Range/Oven - Electric, Microwave Oven, Electric Water Heater
Features
- High Ceilings, Walk-In Closet(s), Bedrooms, Eat-in Kitchen, Living Room, Eat-In Kitchen, Storage
- Flooring: Carpet
- Basement: Yes,Bilco-Style Door,Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Total spaces: 5
- Parking features: Gravel, Off Street, On Street, Parking Lot-Exclusive
- Uncovered spaces: 5
Features
- Patio & porch: Patio
- Exterior features: Curbs, Sidewalk
Lot
- Size: 9,583.2 Square Feet
- Dimensions: 0.21 75 x 125
- Features: Level
Details
- Parcel number: 3002000840000000040000
- Zoning description: R-4
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Roof: Asphalt Shingle
Condition
- Year built: 1880
- Major remodel year: 2024
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s), Carbon Monoxide Detector, Smoke Detector, Fire Extinguisher
- Subdivision: Not In A Development
Location
- Region: Phillipsburg
Financial & listing details
- Tax assessed value: $298,900
- Annual tax amount: $10,329
- Date on market: 10/24/2024
- Total actual rent: 3500
- Tenant pays: Electricity, Tenant Pays Heat, Tenant Pays Electric
- Electric utility on property: Yes
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