Listing Details

585 State Rt 23,Franklin Boro, NJ 07416-2208

  • January 6, 2026

Description

Prime Income-Producing Investment Opportunity! Don’t miss this versatile, fully rented investment property featuring three buildings with a strong mix of residential and commercial income. The property includes three residential units two 1-bedroom with 1 bath apartments and one stand-alone 3-bedroom, 1.5 bath house plus a garage/repair shop with excellent highway exposure. The commercial garage offers three overhead doors, a car lift, office space. Property serviced by natural gas and oil heat, making it ideal for automotive, contractor, or service-based use. Ample off-street parking supports both residential tenants and business operations. All units are fully rented, allowing you to start generating income immediately. Tenants are responsible for all utilities, while the owner covers taxes, snow plowing, and lawn maintenance, keeping expenses straightforward and predictable. Total rent rolls $7,000/month! The stand-alone house and upper residential unit have been recently refreshed/renovated, adding value and tenant appeal. Strategically located on a highway for maximum visibility, this property is also close to shopping, Crystal Springs, and popular ski resorts, increasing long-term rental demand and commercial potential. A rare opportunity to acquire a turnkey, mixed-use investment with multiple income streams in a high-exposure location.

Details

Last Updated On: January 6th, 2026 at 1:45 pm
Property ID:PT-23547420-AXZR
Offer Type:For Sale
Property Type:Mixed Use
Price: 575,000 $
Year Built:1930

Additional Details

Listing Details

Status: Active

Location

County: Sussex
Lotsize: .313 AC
Lot Description: Level Lot, Open Lot
Property Type: Mixed Use
Lot Identifier: 11

Home Details

Location: Highway Location
Acreage: 0.31
Sale Includes: Building & Land
Renovated: 2023
Construction: Brick/Block, Wood
Exterior Description: Concrete, Vinyl Siding
Roof Description: Asphalt Shingle
Number of Stories: 2
Number of Units: 4
Number of Lavatories: 5
Max Ceiling Height: 13
Max Door Height: 13
Floors: Concrete, Laminate, Tile, Wood
Parking Desc: Circular, Crushed Stone, Off-Street Parking, Parking Lot-Exclusive
Easement/Desc: Unknown
Basmnt/Desc: Yes - Full, Unfinished, Walkout
YB/Desc: 1930 - Approximate
Block Identifier: 102
County Number: 28
Town Number: 2806
Possession: POT

Taxes, Fees & Assessments

For Sale Or Lease: For Sale
Ownership: Fee Simple
Tax ID For Property: 2806-00102-0000-00011-0000-
Tax Amount: $13,981.00
Tax Year: 2024
Tax Rate: 2.654%
Tax Rate Year: 2024
Farm Assessment: No
Land Assessment: $234,800.00
Building Assessment: $303,700.00
Total Assessment: $538,500.00

Utilities

Equipment Available: Smoke Detector
Heat Source: Gas-Natural, Oil Tank Above Ground - Outside
Heat System: 4+ Units
Water: Well
Sewer: Public Sewer
Utilities: Electric, Gas-Natural

Other

Zoning: HC2

Statistics

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