NJ Real Estate Auction – Fiedler AM Offers Two Investment Properties at Auction in Phillipsburg, NJ
Hackettstown, NJ – May 5, 2011 – (RealEstateRama) — Investors looking for excellent cash flow and capital appreciation investment properties will find them in the two properties being offered at auction by Fiedler AM, LLC., on June 4, 2011. Both properties need substantial renovations prior to occupancy and are expected to be priced accordingly.
Phillipsburg is a good location for mixed use properties offering good transportation access and a busy commercial center.
These properties offer the owner/occupant or investor/contractor the opportunity to participate in the continuation of the rebound and development of Phillipsburg by finishing the renovations/ rehabilitation in both buildings.
120 South Main St – Block 917- Lot 18 – Approximately 11,600 square foot mixed use building with additional square footage in the basement. The first floor contains three completely renovated commercial/retail units, two of which are currently occupied and producing income. The second and third floors are 3700 square feet each with approved plans for a total of 8 apartments. These floors are studded with new windows and ready for construction.
573 South Main Street – Block 2014- Lot 8 – This former firehouse has a total of approximately 2800 square feet and is zoned for residential but has the possibility for commercial use. The first floor has a large area with 15 foot ceilings and a oversized 14′ overhead door. The second floor includes a two bedroom apartment.
There is room on-site for 4-6 vehicles and would be ideal for a contractor or business owner looking for an owner/occupant situation. With renovation, this building could easily house a business providing indoor parking as well as office and storage space.
Preview dates for these properties are as follows: Saturday, May 14, 2011 (10:00 am to 12:00 pm), Friday, May 20, 2011 (4:00 pm – 6:00 pm) or by appointment.
Contact Henry Rwierts or Jeffery Fiedler for more information on these properties and to learn about the auction process in general.
Visit the Fiedler Realty LLC website for terms and conditions and to register as a bidder for this auction. www.frebac.com/auction
About Jeffery Fiedler
Fiedler AM is working in conjunction with Fiedler Realty LLC, a traditional Real Estate Brokerage Firm which has been active in Warren County since 1959. Fiedler AM, LLC and Fiedler Realty LLC. are offering a 2% commission to properly registered realtors whose client bids the highest price and closes on the property.
