115 Route 46

Mountain Lakes Boro, 07046

$1,709,000

$1,709,000
Active
Active
 - For Sale
baths
2 Baths
property_type
Other
calendar
Built 1987
Great investment opportunity with multiple income sources. Two floors, 8 condo office building,15 total rental units, 9 current tenants with service agreements, also multiple virtual clients which bring in additional income! Virtual clients have no limit so there is plenty of room for growth. This office building is located in a beautiful office park in a high traffic area with easy access to all major highways. Features one main entrance, reception area/front desk, kitchenette, large courtyard and plenty of parking. Both floors recently updated each with 2 bathrooms, great finishes, bonus lofts, state of the art conference room, newer HVAC, and great natural light throughout the building. 6.8% Projected Cap rate Financials available upon request. Additional condo also available in separate building only with purchase of building F 1,200 sqft.
MLS® ID:
3773610
Updated:
8/9/22

Interior Features

Total Bedrooms
0
Total Bathrooms
2
Cooling
Central Air
Heating
Forced Hot Air

Exterior/Building Features

Lot Size
9,583 ft² lot
Lot Details
Level Lot
Roof
Asphalt Shingle
Sewer
Public Sewer

Other Property Details

Taxes
$41798
Tax Frequency
per YEAR
Garage
Yes
Garage Spaces
20
Parking
Y
View
N
County
Morris
Utilities
All Underground
Water Source
Public Water
Pool
No
Total Stories
2
Zoning
Commercial

Property History

Date
Event
Price
Value
7/20/22
Price Change
$1,709,000
-5%

 

Courtesy of RE/MAX HOUSE VALUES

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