354 S Main St , Wharton Boro, Morris 07885-2048

  • $1,499,000

Description

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!

  • Address: 354 S Main St
  • City: Wharton Boro
  • State/county: Morris
  • Zip/Postal Code: 07885-2048

Details

Updated on October 29, 2025 at 5:04 pm
  • Property ID HZ3976259
  • Price $1,499,000
  • Property Size 3301 Sqft
  • Land Area 0.57 Acres
  • Garages 15
  • Garage Size x x
  • Year Built 1900

Additional details

  • Roof Asphalt Shingle
  • Utilities Electric, Gas-Natural
  • Sewer Public Sewer
  • Cooling 4+ Units, Central Air, Ductless Split AC
  • Heating 4+ Units, Forced Hot Air, Radiant - Electric, Radiators - Hot Water
  • Flooring Carpeting, Concrete, Laminate, Tile, Vinyl-Linoleum
  • County Morris
  • Property Type Apartment Complex

Mortgage Calculator

Schedule a Tour

Your information

Contact Information

View Listings
Queens Realty New Jersey

Enquire About This Property

Similar Listings

Compare listings

Compare