![]() Phillipsburg 8 Unit Investment Property |
![]() |
|
A new asphalt shingle roof was installed in February 2006. The exterior was refinished, summer 2006. Each unit has separate electric meters. An oil-fired forced hot air furnace heats the building. There are two gas-fired hot water heaters. One heater maintains six units and two units by another.
The owners approximate operating expenses of $22,996. include 2006 taxes $6,696, Insurance $4,300, Maintenance $2,700, Oil $5,400, Water $1,000, Sewer $1,100, Gas $1,800. Tenants pay for electric and cable service.
As of January 1, 2007, all eight units are rented providing $5825. in monthly income or $69,900. per year.

Directions: Route 78 West to Exit 3. Route 22 West to Roseberry South. Make left on Green, right at Purcel and left on Mill Street to #819 on left. Mapquest zip code: 08865
For more information contact Sales Representative Allan Layton (908)892-7426 cell
Fischer Brokers Home Page