Property
Beds
6
Full Baths
2
1/2 Baths
2
Year Built
None
Sq.Footage
39,996
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 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.
Features & Amenities
Interior
-
Total Bedrooms
6
-
Bathrooms
2
-
1/2 Bathrooms
2
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Window Unit(s)
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
On Street
-
Patio and Porch Features
Patio
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.07
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
2-Two Story
Price
-
Sales Price
$850,000
-
Tax Amount
16570.0
-
Sq. Footage
39, 996
-
Price/SqFt
$21
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Sewer
Public Sewer
-
Tax Lot
*
-
Water Source
Public
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Location
County
Union
Elementary School
Middle School
High School
Listing Courtesy of None , RE/MAX NEW MILLENNIUM GROUP
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