$995,000 102-104 Rt 15 Lafayette Twp., NJ

ML: 3468114   Type: Commercial   County: Sussex   City: Lafayette Twp.   Neighborhood: Heart Of Historic Lafayette   Zip: 07848   Style: Store With Apartment     Stories: 3   Taxes: $22,147

Mortgage $4,671 /mo

Beds

Baths

Half Baths

Sqr Footage

Acres

Built

0

0

5

8,192

0.5

1850

Welcome to Lafayette & this 3 building downtown complex which is consistently profitable at an impressively high level. Green bldg (102) has 3 retail stores plus 2-1BR & 1-2BR apts. Beige bldg (104) has 2 retail stores (1 is huge) plus 1-2BR apt. Detached stucco rental house (13 Meadows) is 2BR. Constant, fully paid occupancy for retail & apts with waiting list. Cooperative retail arrangement allows store lessees to let space to multiple vendors/artists; everyone is happy and viable. Lots of on & off street parking in this busy crossroads area known for high foot traffic and heavy state highway vehicle count. All the buildings have newer roofs, furnaces, utilities, etc., which, combined with rock-solid financials, will appeal to both investors & owner-occupants. Due diligence will convert interest to offers!

Elementary School

Middle School

High School

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Price History

5/7/2018 Listed $1,050,000
7/18/2019 6% - $995,000

Construction Wood
Flooring Carpeting, Laminate, Vinyl-Linoleum
Num Apts 5
Tax Annual Amount 22147
Total Units 10
Township Lafayette Twp.
Zoning RO1

Interior Features

Basement Partial, Unfinished, Walkout
Cooling Wall A/C Unit(s), Window A/C(s)
Fuel Type OilAbIn, Electric, GasPropL
Heating Floor/Wall Heater, Radiators - Hot Water, 4 Units, Auxiliary Electric Heat
Num 1 Bdrm Units 2
Num 2 Bdrm Units 3
Num Units W/full Bath 5
Utilities Gas-Propane, Electric

Exterior Features

Building Area Total 8192
Exterior Description Concrete, Wood
Max Ceiling Height 12
Max Door Height 0
Number Of Bays 0
Number Of Docks 0
Number Of Doors 0
Parking/driveway Description Off-Street Parking, On-Street Parking
Roof Asphalt Shingle
Sewer Septic, Private
Water Source Private, Shared Well

Property Schools



Direct Link:

https://www.awvwco.com/property/38-3468114-102-104-Rt-15-Lafayette-Twp-NJ-07848

Gallery (14 photos)

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Property vs Zip Code Avg (07848)

Price 995K Avg 592K

Sqr Feet 8,192 Avg 3,436

Cost / Sqr Ft $121 Avg $173

Taxes $22,147 Avg $11,637

Acres 0.5 Avg 7.28

Visits 163 Avg 62

Days on Site 695 Avg 406

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Listing Provided Courtesy Of: WEICHERT REALTORS




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Location & Address

A.W. Van Winkle & Co Est. 1692
2 Station Square
Rutherford, NJ
201-571-1002
201-939-2574

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