281 S Main St , Wharton Boro, Morris 07885-2045

  • $1,900,000

Description

High Income 6-Unit Investment Property with Garages in Downtown Wharton! This RARE 6-Unit, Multifamily building is a high-performing asset with serious upside. Fully rented and generating six figures in annual income, this property offers a strong return from day one. In one of morris county’s most competitive rental markets, where vacancies are rare and rental rates remain top-tier. The building features a mix of 1 to 3 bedrooms units. Included are 6 private garages. A major perk, adding both convenience and extra income potential. For the Value-add Investor, the possibilities are endless: A massive stand-up attic is ready to be converted into additional living space. Full basement can be transformed into a laundry facility, tenant storage, or a shared community area. Large open lot with possibility for expansion. Positioned within walking distance of local restaurants, shops, and daily conveniences, and just minutes from top-rated Wharton schools!! This property is also close to major highways. Offering seamless access for commuters. 5 Newer water heaters installed in 2023! Newer Boiler installed in 2020. Whether you’re expanding your portfolio or seeking a stable, income-producing asset in a growing downtown, this is a CANT-MISS OPPORTUNITY in Downtown Wharton. Please ask for 3 minute highlight video TO better see this GEM!!

  • Address: 281 S Main St
  • City: Wharton Boro
  • State/county: Morris
  • Zip/Postal Code: 07885-2045

Details

Updated on August 12, 2025 at 5:25 pm
  • Property ID HZ3980709
  • Price $1,900,000
  • Land Area 0.09 Acres
  • Garages 10
  • Garage Size x x
  • Property Status Active

Additional details

  • Roof Asphalt Shingle, Flat
  • Utilities Gas-Natural
  • Sewer Public Sewer
  • Cooling See Remarks, Window A/C(s)
  • Heating Radiators - Steam
  • County Morris
  • Property Type Apartment Complex

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