Estimated payment $5,919/month
This 5-unit apartment building in Sussex presents a fantastic investment opportunity. Each of the 5 units offers a 1-bedroom, 1-bathroom layout, all are currently rented with leases in place. The property's great location near downtown stores and shopping appeals to the masses. The property was recently renovated, including a new roof, new vinyl shutters, appliances, carpeting, and paint. All units are currently rented at market value. This turnkey property is ideal for investors seeking a reliable investment in a desirable location.
Listing Agent
KELLER WILLIAMS INTEGRITY Brokerage Phone: 973-726-0088 Listed on: 05/24/2025
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $6,823 | $193,300 | $34,200 | $159,100 |
| 2023 | $6,823 | $193,300 | $34,200 | $159,100 |
| 2022 | $6,601 | $193,300 | $34,200 | $159,100 |
| 2021 | $6,537 | $193,300 | $34,200 | $159,100 |
| 2020 | $6,298 | $193,300 | $34,200 | $159,100 |
| 2019 | $6,228 | $193,300 | $34,200 | $159,100 |
| 2018 | $6,313 | $193,300 | $34,200 | $159,100 |
| 2017 | $6,166 | $193,300 | $34,200 | $159,100 |
| 2016 | $6,139 | $193,300 | $34,200 | $159,100 |
| 2015 | $5,787 | $193,300 | $34,200 | $159,100 |
| 2014 | $5,637 | $193,300 | $34,200 | $159,100 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/24/2025 05/24/25 | For Sale | $969,900 | -- | $331 / Sq Ft |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $525,000 | Realsafe Title | |
| Deed | $545,000 | -- | |
| Deed | -- | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $315,000 | New Conventional | |
| Previous Owner | $175,000 | Commercial | |
| Previous Owner | $444,000 | Commercial |
$750,000
C-1 COMMERCIAL ZONE- 1.30 ACRE LEVEL LOT LOCATED ON WALLING AVE, WHICH IS THE MAIN ACCESS ROAD TO RT 23 S IN SUSSEX FROM THE CENTER OF TOWN AND IS LOCATED RIGHT NEXT TO THE NEW "SHOPRITE" SUPER MARKET. THE VALUE IS IN THE LAND AND LOCATION. GREAT OPPORTUNITY TO CREATE A THRIVING BUSINESS. CURRENTLY, THERE IS A LARGE 2 FAMILY HOME THAT IS FULLY OCCUPIED AS WELL AS A MULTI UNIT STORAGE BUILDING IN
Joseph Morreale RE/MAX SELECT
Source: Garden State MLS
MLS Number: 3965007
APN: 21-00604-0000-00002
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