Excellent Mixed-Use Investment Opportunity in Elizabeth, NJGreat opportunity for investors looking for a income-producing mixed-use property with strong upside potential.The property sits on an oversized 25' x 200' lot and features garage parking in the rear of the building. The property has been updated over time and offers the convenience… Read More of separate utilities, meaning tenants cover their own utility costs.Current Rental Income:Storefront: $2,450/month with a 10-year lease and an annual increase2-Bedroom Apartment: $1,800/month (vacant; market rent)4-Bedroom Apartment: $2,552/monthGarage rental $350/month Total Current Monthly Potential Income: $7,152Total Current Annual Income: $85,824Total Current Annual Expenses: $14,000Renovated condition, separate utilities, and an oversized lot with rear garage parking, this property offers an attractive combination of immediate cash flow and future upside potential.Don't miss this excellent investment opportunity. Schedule your private showing today! Read Less
Courtesy of KELLER WILLIAMS REALTY.
Listing Snapshot
Days Online
0
Last Updated
Property Type
Other
Lot Size
0.12 Acres
Year Built
1930
MLS Number
4047934
30 Days Snapshot Of 07202
$288k
-44%
(avg) sold price
2
0%
homes sold
114
+32%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Unfinished, Yes
Building
Built in 1930
Cooling
Wall A/C Unit(s)
Exterior Features
Brick/Block, Vinyl Siding
Water Features
Public Water
Heating
Gas-Natural, 3 Units
Lot
Approximate Lot Size: 25X200, 0.12 acres
Owner Pays
Sewer, Water
Property
3 units
Roof
Flat
Sewer
Public Sewer
Taxes
Annual Tax Amount: $8,297, Tax Rate: 2.017
Tenant Pays
Cable T.V., Electric, Gas, Heat
Utilities
Electric, Gas-Natural, Garbage Included
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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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