Presenting very unique opportunity with this mixed-use development at 600 Chestnut Street in the heart of Roselle Park, New Jersey situated directly across from the NJ Transit Roselle Park Station on the (Raritan Valley Line, 2 stops to Newark Penn),This is not merely convenient it is a fundamental value driver… Read More for both the residential and commercial components of this property.. This 5-unit portfolio combines residential income with significant commercial build-out upside, making it one of the most strategically positioned investment properties currently available in Union County.This property offers a developer, investor, or owner-occupant the unique ability to create their own vision for the 5 units customizing layouts, finishes, and residential and commercial tenant mix to maximize long-term returns.At full stabilization, this property has the potential to generate $130,000 $146,400 in gross annual income a compelling return profile for an asset located steps from one of New Jersey Train Stations Read Less
Courtesy of BHGRE ELITE.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Other
Square Ft.
4,999
Lot Size
0.11 Acres
Year Built
1920
MLS Number
4036363
30 Days Snapshot Of 07204
$581k
+19%
(avg) sold price
9
+200%
homes sold
106
-30%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Full, Unfinished, Walkout, Yes
Building
Built in 1920
Cooling
See Remarks
Exterior Features
Brick/Block, Wood
Floors
Concrete, Laminate
Garage
1 garage space
Water Features
Public Water
Heating
Gas-Natural, 4+ Units
Lot
Approximate Lot Size: 5000SF, 0.11 acres, Corner
Owner Pays
Water
Property
4,999 sqft building, 5 units
Roof
Asphalt Shingle, Flat
Sewer
Public Sewer
Taxes
Annual Tax Amount: $23,264, Tax Rate: 4.506
Tenant Pays
Electric, Gas, Hot Water
Utilities
All Underground
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