Investor Alert: Prime Mixed-Use Multi-Building Portfolio in High-Traffic Morris Ave Corridor, Incredible investment opportunity to acquire two contiguous mixed-use buildings (292 and 296 Morris Ave) positioned directly in the heart of a vibrant, high-density district. Sharing a common wall, this unique package features expansive commercial footprints paired with four massive… Read More residential units, delivering an immediate, diversified cash-flow stream with immense value-add potential.Property Highlights:292 Morris Ave (Commercial & Residential): Main floor configured as fully functional commercial office space, currently utilized by a staffing agency. Levels above house 2 large, high-ceiling apartments perfect for steady rental income.296 Morris Ave (Turnkey Nightlife & Residential): Ground floor operates as a fully built-out bar and nightclub, anchoring local nightlife traffic. Upper levels contain 2 additional expansive apartments with strong tenant appeal.Bonus Development Space: Both properties feature massive, separate, unfinished basements providing exceptional storage or footprint expansion opportunities.Maximize your portfolio with this rare double-lot footprint offering dual-industry commercial stability and reliable residential upside. Read Less
Courtesy of ALLIGATOR PROPERTY MANAGEMENT LLC.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Other
Lot Size
666 Acres
Year Built
1925
MLS Number
4032511
30 Days Snapshot Of 07208
$588k
+8%
(avg) sold price
10
+42%
homes sold
72
-33%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Unfinished, Yes
Building
Built in 1925
Cooling
2 Units
Exterior Features
Brick/Block
Water Features
Public Water
Heating
Gas-Natural, 4+ Units
Lot
Approximate Lot Size: 10288 79 103 666, 666 acres, Corner
Property
6 units
Roof
Flat
Sewer
Public Sewer
Taxes
Annual Tax Amount: $47,756, Tax Rate: 2.017
Utilities
All Underground
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All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. GSMLS Data provided via Home Junction, Inc.
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