354 S Main St, Wharton, NJ 07885 - Morris County

Discover an unparalleled investment opportunity in the heart of the real estate market! This expansive property, covering over half an acre with 2 separate buildings, stands as one of the largest lots in town. Located in a B-1 Zoning District (Neighborhood Business District), it offers remarkable flexibility and potential. Both buildings have undergone complete renovation and rehabilitation, including new roofs, kitchens, bathrooms, utilities, and more. This ensures a low-maintenance, high-yield investment for years to come. Currently configured with 4 renovated apartments and an office space with full kitchens and bathrooms, the property boasts an impressive NET OPERATING INCOME $118,000 annually! We have created comprehensive floor plans and future plans to add 2 additional 2 bedroom units to the front building, which has partial plans for added value!. This will allow you to thoroughly explore every aspect of this unique offering. With the potential to expand to 7 units, the net income could reach an astounding $190,000!! This exceptional opportunity, with its strategic location and extensive renovations, ensures a sustainable and profitable investment for discerning investors. Don't miss out on the chance to secure a prime piece of real estate that promises significant returns and long-term growth. Let's collaborate to analyze the numbers, align with your goals, and make this exceptional investment opportunity yours today!

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