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$719,900

Est. payment - /mo

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5 Beds

3 Baths

2,400 SqFt

Under Contract

25 Kiel Ave Butler Boro, NJ 07405

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Youssef Genid

info@roglegend.com +1(973) 772-0660

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Listing Status Under Contract

Purchase Type For Sale

Square Footage 2,400 sqft

Price per Sqft $299

MLS Listing ID 4031536

Style Triplex

Bedrooms 5

Full Baths 3

Year Built 1912

Annual Tax Amount $10,626

Tax Year 2025

Lot Size 3,049 Sqft

Property Description

Back on Market after Buyer couldn't perform! Now you have a second chance to snag this rare, fully occupied triplex in a prime Butler location. 25 Kiel Ave is a unique three-story multifamily property, grandfathered by the borough, offering a compelling opportunity for both investors and owner-occupants alike. This income-producing asset features two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, with in-unit laundry in all three apartments. Units 1 and 3 have been fully gut renovated and feature open-concept layouts, updated kitchens and bathrooms, and newer appliances. Unit 3 also includes a private rooftop balcony, adding even more appeal. Separate utilities help minimize landlord expenses, while off-street parking for four vehicles offers added convenience for tenants. Currently generating $5,700 per month in gross rental income with an attractive 7%+ cap rate, this property is also offered at $20,000 below appraised value. Ideally situated within walking distance to downtown Butler's shops, restaurants, nightlife, and public transportation, with easy access to Routes 23 and 287, this is a rare chance to own a well-performing multifamily property in a highly convenient location!

Location

State NJ

County Morris

Rooms

Basement Bilco-Style Door

Interior

Heating Electric, Gas-Natural, See Remarks

Cooling None

Heat Source Electric, Gas-Natural, See Remarks

Exterior

Exterior Feature Aluminum Siding

Utilities Available Electric, Gas-Natural, See Remarks

Roof Type Flat

Building

Sewer Public Sewer

Water Public Water

Architectural Style Triplex

Others

Senior Community No

Listed by KELLER WILLIAMS PROSPERITY REALTY

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Youssef Genid

Broker | License ID: 9701533

+1(973) 772-0660

25 Kiel Ave Butler Boro, NJ 07405

Youssef Genid

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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25 Kiel Ave