0.21 Acres in Riverton, NJ - $549,000
This historic Riverton triplex, located within direct view of Riverton Park, offers an estimated rental income of up to $4,500+ per month plus a POSSIBLE SUBDIVIDABLE, BUILDABLE LOT INCLUDED IN THE SALE. The property features three separate units. The first floor features two 1-bedroom units-Unit 1 is fully renovated, vacant, has its own laundry, and offers access to the inviting front porch, while Unit 2 features a charming sunroom/3-season room, efficient kitchen, and cozy living space, currently tenant-occupied. Upstairs, the tenant-occupied second-floor apartment includes a deck just off the kitchen and one existing bedroom and living room, with the potential to convert to two or even three bedrooms for added rental income on the 2nd floor of the unit. There is outside and unit #2 basement access that with some creativity could serve as an additional laundry/storage area for the othe...
This historic Riverton triplex, located within direct view of Riverton Park, offers an estimated rental income of up to $4,500+ per month plus a POSSIBLE SUBDIVIDABLE, BUILDABLE LOT INCLUDED IN THE SALE. The property features three separate units. The first floor features two 1-bedroom units-Unit 1 is fully renovated, vacant, has its own laundry, and offers access to the inviting front porch, while Unit 2 features a charming sunroom/3-season room, efficient kitchen, and cozy living space, currently tenant-occupied. Upstairs, the tenant-occupied second-floor apartment includes a deck just off the kitchen and one existing bedroom and living room, with the potential to convert to two or even three bedrooms for added rental income on the 2nd floor of the unit. There is outside and unit #2 basement access that with some creativity could serve as an additional laundry/storage area for the other two units. To the best of the owner's knowledge and Riverton Borough specifications, the generous lot meets size and setback requirements for subdivision and zoned buildable pending necessary township approvals, offering an excellent opportunity for future development or expansion. This property is ideal for investors seeking strong rental returns or buyers looking for a multi-family home with added building potential in a desirable location. Riverton school district, eye sight to fantastic Riverton Park and all that the historic charm of Riverton has to offer! Property to be conveyed in "as-is" condition. Seller to do no repairs. Seller will obtain CO.
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