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$ 575,000
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New
585 State Rt 23 Franklin Boro, NJ 07416
0.31 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4003646
Year Built 1930
Annual Tax Amount $13,981
Tax Year 2024
Lot Size 0.310 Acres
Property Sub-Type Mixed Use
Property 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.
Location
State NJ
County Sussex
Zoning HC2
Rooms
Basement Full, Unfinished, Walkout
Interior
Heating Gas-Natural, Oil Tank Above Ground - Outside
Cooling See Remarks
Flooring Concrete, Laminate, Tile, Wood
Equipment See Remarks, Smoke Detector
Heat Source Gas-Natural, Oil Tank Above Ground - Outside
Exterior
Exterior Feature Concrete, Vinyl Siding
Utilities Available Electric, Gas-Natural, See Remarks
Roof Type Asphalt Shingle
Building
Lot Description Level Lot, Open Lot
Story 2
Sewer Public Sewer
Water Well
Others
Ownership Fee Simple
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by KISTLE REALTY, LLC.
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