1 Highway 46

Budd Lake, NJ 07828

$550,000
Last Sold Price
9
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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Sold 2/23/22
Sold 2/23/22

Description

Wow! Mega Cash Cow! Rent roll $75,420.00/year ($6,285.00 mo). Net operating income $ 40,502.00. Positive cash flow. With 20% down 30 yr mortgage at 5.5% ROI is 32.78%! Try beating that! In 2020 2 brand new furnaces, 2 new oil tanks, water heaters, new electric servicing all units and unit 2 totally rehabbed from floor to ceiling. Also bonus studio rents for $650.00 a month. Make some MOO-LA by milking this cow dry!Wow! Mega Cash Cow! Rent roll $75,420.00/year ($6,285.00 mo). Net operating income $ 40,502.00. Positive cash flow. With 20% down 30 yr mortgage at 5.5% ROI is 32.78%! Try beating that! In 2020 2 brand new furnaces, 2 new oil tanks, water heaters, new electric servicing all units and unit 2 totally rehabbed from floor to ceiling. Also bonus studio rents for $650.00 a month. Make some MOO-LA by milking this cow dry!
  1. Listed by DAWN LORIA TIENE • JERSEY SUCCESS REALTY, INC.
  2. Listed by JOHN L. CARTIER • JERSEY SUCCESS REALTY, INC.

Property Details for 1 Highway 46

Directions
Route 46 East
Days On Market
85
LISTING UPDATED: 02/24/2023 03:02 AM

Property Details for 1 Highway 46

StatusSold
MLS #3745945
Days on Market85
Taxes$10,767 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family
Year Built1948
Lot Size-
CountyMorris County
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Location

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Building Information for 1 Highway 46

Stories-Residences4Year Built1948Building Size-Lot Size-

Payment Calculator

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$3,638 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,741

Property Taxes

$897

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1 Highway 46

Summary
Location and General Information
  • Zoning: C-1
  • Middle/Jr High School: MT.Olive MS
  • Grade School: Chesterstv
  • High School: MT.Olive HS
  • Active Days on Market: 76
  • Renovated Year: 2020
  • County #: Morris
  • Town Name: Mount Olive Twp.
  • Block Identifier: 101
  • Listing Type: Exclusive Right to Sell
  • Town #: 2327.0
  • Street # Display: 1.0
  • # Parking Spaces: 12
  • County Or Parish: Morris
  • Street Name: Route 46
  • Zip Code: 07828-1807
  • Total Units: 4
Taxes and HOA Information
  • Tax Amount: $10,767
  • Assessment Total: 325000.0
  • Tax ID For Property: 2327-00101-0000-00006-0000-
  • Tax Rate Amount: $3
  • Tax Rate Year: 2020
  • Tax Year: 2020
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: Crushed Stone, Off-Street Parking, Parking Lot-Shared
  • Garage Description: None
Property
Lot Information
  • Lot Description: Open Lot
  • Lot Identifier: 6
  • Approximate Lot Size: 170X134
  • Construction Date/Year Built: 1948
  • Construction Date/Year Built Des: Renovated
Property and Assessments
  • Assessment Bldg: 230700.0
  • Assessment Land: 94300.0
Utilities
  • Cooling: Window A/C(s)
  • Utilities: See Remarks
  • Water: Public Water
  • Heating: 4 Units
  • Fuel Type: OilAbIn
  • Sewer: Septic
Interior and Exterior Features
Exterior Features
  • Exterior Description: Clapboard
Interior Features
  • Roof Description: Asphalt Shingle
  • Basement: No
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 2
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Heat, Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
  • Unit 1 Rent: 1285.0
  • Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living/Dining Room
  • Unit 1 Rooms: 4.0
  • Unit 1 Security Deposit: 1275.0
  • Unit 1 Sq Ft: 700.0
Unit 2 Information
  • Unit 2 Appl/Equip: Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 3
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Heat, Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
  • Unit 2 Rent: 1750.0
  • Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living/Dining Room
  • Unit 2 Rooms: 5.0
  • Unit 2 Security Deposit: 2625.0
  • Unit 2 Sq Ft: 900.0
Unit 3 Information
  • Unit 3 Appl/Equip: Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 2
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 2.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Heat, Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
  • Unit 3 Rent: 1300.0
  • Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Living/Dining Room
  • Unit 3 Rooms: 4.0
  • Unit 3 Security Deposit: 1800.0
  • Unit 3 Sq Ft: 700.0
Unit 4 Information
  • Unit 4 Appl/Equip: Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 4 Baths: 1.0
  • Unit 4 Bedrooms: 2
  • Unit 4 Fireplaces: 0.0
  • Unit 4 Handicap Modified: No
  • Unit 4 Levels: 2.0
  • Unit 4 Owner/Tenant Pays: Owner Pays Heat, Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
  • Unit 4 Rent: 1300.0
  • Unit 4 Room Description: Bedrooms, Eat-In Kitchen, Living/Dining Room
  • Unit 4 Rooms: 4.0
  • Unit 4 Security Deposit: 1800.0
  • Unit 4 Sq Ft: 700.0
Multi-Family Information
  • Unit Style: 2-Two Story
Income & Expenses Information
  • Total Operating Expense: $34,918.00
  • Expenses Include: Hot & Cold Water, Insurance, Oil
  • Net Operating Income: $40,502.00
  • Gross Operating Income: $75,420.00

Property History for 1 Highway 46

DateEvent & SourcePriceAppreciation
Feb 25, 2022

Price Change

GSMLS #3745945

$585,000—
Feb 23, 2022

Sold

GSMLS #3745945

$550,000—
Feb 17, 2022

Sold (Public Record)

Public Record #1493949103

$550,000

+19.1% / yr

DateEvent & SourcePrice
02/25/2022

Price Change

GSMLS #3745945

$585,000
02/23/2022

Sold

GSMLS #3745945

$550,000
02/17/2022

Sold (Public Record)

Public Record #1493949103

$550,000

+19.1% / yr

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1 Highway 46

Taxable ValueLand$94,300Additions$230,700Total$325,000
Tax Record2024$11,326 ($944 / month)
Home Facts
Total Finished SqFt4,083 SqFtAbove Grade Finished SqFt4,083 SqFtStories2Lot Size22,782 SqFtStyleMulti-Family Res (5+ Units)Year Built1948ZoningC-1CountyMORRISAPN27 00101-0000-00006

Schools near 1 Highway 46

This home is within Mount Olive Township School District.
Rating
School
Type
Grades
Distance
Chester M Stephens School
Public - K to 5
Mt Olive Middle School
Public - 6 to 8
Mt Olive High School
Public - 9 to 12
Tinc Road Elementary School
Public - K to 5
Rating
School
Distance
Chester M Stephens School
PublicK to 5

Mt Olive Middle School
Public6 to 8

Mt Olive High School
Public9 to 12

Tinc Road Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of JERSEY SUCCESS REALTY, INC., DAWN LORIA TIENE; JERSEY SUCCESS REALTY, INC., JOHN L. CARTIER

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 05/21/2026 12:56 AM. Source: New Jersey Multiple Listing Service, Inc. © 2026 New Jersey Multiple Listing Service, Inc. All rights. The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated: 05/21/2026 12:56 AM © 2026 New Jersey Multiple Listing Service Inc. All rights reserved.