LOOKING FOR A PROPERTY THAT CHECKS THE LOCATION VISIBILITY, AND INCOME POTENTIAL BOXES ALL AT ONCE? THIS MIXED-USE BUILDING ON BUSTLING ELIZABETH AVE IN ELIZABETH, NJ IS EXACTLY THAT. WITH TWO STOREFRONTS ON THE FIRST FLOOR AND TWO APARTMENTS UPSTAIRS, IT'S A FLEXIBLE INVESTMENT THAT PUTS YOU RIGHT IN THE… Read More CENTER OF NONSTOP FOOT AND VEHICLE TRAFFIC. YES, THE BUILDING NEED SOME TLC, BUT THE BIG-TICKET ITEMS ARE ALREADY HANDLED NEWER ROOF, NEARLY NEW WATER HEATERS. SEPARATE UTILITIES (WITH THE EXCEPTION OF THE HEAT BETWEEN THE STORES) THAT MEANS YOU CAN FOCUS ON THE UPDATES THAT BOOST VALUE INSTEAD OF THE COSTLY REPAIRS NO ONE LIKES TO TALK ABOUT. ON THE FIRST FLOOR, YOU'LL FIND HIGH-VISIBILITY COMMERCIAL SPACES PERFECT FOR RETAIL, SERVICE BUSINESSES, OR FUTURE TENANTS WITH BIG IDEAS. UPSTAIRS ARE TWO RESIDENTIAL UNITS, BOTH ON MONTH TO MONTH LEASES, GIVING INVESTORS THE FLEXIBILITY TO RAISE RENTS, RENOVATE, OR REPOSITION BASED ON THEIR STRATEGY. IF YOU'RE AN INVESTOR LOOKING FOR A PROPERTY WITH STRONG UPSIDE, GREAT EXPOSURE, AND BUILT-IN INCOME FROM DAY ONE-THIS IS THE OPPORTUNITY. REPAIRS DONE BTW 2022-2024 HEATING, WATER HEATERS, ROOFS, ELECTRICAL CIRCUITS, AND OTHER COSMETICS REPAIRS. Read Less
Courtesy of RE/MAX NEW MILLENNIUM GROUP.
Listing Snapshot
Days Online
147
Last Updated
Property Type
Other
Lot Size
0.07 Acres
MLS Number
4000380
30 Days Snapshot Of 07201
$460k
+15%
(avg) sold price
1
0%
home sold
74
-1%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Full, Yes
Cooling
See Remarks
Exterior Features
Brick/Block
Floors
Laminate
Water Features
Public Water, See Remarks
Heating
Gas-Natural, 3 Units
Lot
Approximate Lot Size: 35.69X79.64, 0.07 acres
Owner Pays
Water
Property
4 units
Roof
Flat
Sewer
Public Sewer
Taxes
Annual Tax Amount: $16,570, Tax Rate: 1.924
Tenant Pays
Electric, Gas, Water
Utilities
Electric, Gas-Natural, See Remarks, Cable TV Available
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