Under contract

25 Kiel Ave, Butler, NJ 07405-1393

Beds
5
Baths
3

View property features, location on map, relevant school information and overview from seller's agent.

Listed byKELLER WILLIAMS PROSPERITY REALTY
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Overview

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

Full feature list

Basic info

Property type
Multi-family
Number of bedrooms
5
Number of bathrooms
3
Lot size (acres)
0.07
Year built
1912

Interior features

Basement
Yes
Laundry
In Unit

Utilities

Cooling
None
Sewer
Public Sewer
Water
Public Water

Taxes

Tax Annual Amount (2025)
$10,626

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Garden State MLS MLS®#: 4031536 Last checked:

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