74 E Prospect St

Hopewell, NJ 08525

Back on Market! Purchase with Loan or Cash Acceptable...Lucrative 3-Unit Investment Property in High-Demand Hopewell Borough, excellent quiet location just a few blocks from Brick Farm Market, Shops and Restaurants. Walk to elementary school, park and shopping! Two-family dutch colonial house with separate Detached Cottage in the back situated on a wide double lot with a detached 2 car garage. Main house includes two 2-Bedroom/1 Bath apartments, each with its own furnace and hot water heater. 1st floor apartment is large, featuring 2 bedrooms/1 Bathroom, 2nd bedroom leads into an office/study space, large Living Room with charming fireplace, Dining Room, and Sunporch with walls of windows and Separate Entrance. 2nd floor apartment features 2 Bedrooms, cedar closets, large Kitchen with pantry, Bathroom with tub/shower, and Living Room. 2nd bedroom has access to the attic which can be used for extra storage space or could be turned into a study. Both apartments have access to laundry and storage in the basement. The back Cottage includes 2 beds/1 bath. All units have access to large side and backyards and ample parking.Unit 1 (Downstairs Apt): $1700/Month Rent, month to month lease. Unit 2 (Upstairs Apt): Vacant, was leased at $1750/mo. Unit 3 Cottage: $950/Month Rent, month to month lease. Garage bays not included in rent and can be leased separately.ALL TENANTS PAY THEIR OWN UTILITIES. Owners pays water, sewer, insurance and taxes.Insurance: $962/year; Water bill: avg. $250/quarter; Sewer bill: avg. $256/quarter.Furnaces replaced 2016. 3 Hot water heaters replaced 2015-2018. Property being sold as-is.