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In-PersonVirtual Tour
$ 799,900
Est. payment | /mo
5,227 Sqft Lot
$ 799,900
Est. payment | /mo
5,227 Sqft Lot
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4047934
Year Built 1930
Annual Tax Amount $8,297
Tax Year 2025
Lot Size 5,227 Sqft
Property Sub-Type Mixed Use
Property Description
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 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!
Location
State NJ
County Union
Zoning Mixed use C-2
Rooms
Basement Unfinished
Interior
Heating Gas-Natural
Cooling Wall A/C Unit(s)
Equipment Smoke Detector
Heat Source Gas-Natural
Exterior
Exterior Feature Brick/Block, Vinyl Siding
Utilities Available Electric, Gas-Natural
Roof Type Flat
Building
Story 2
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Listed by KELLER WILLIAMS REALTY