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

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Union

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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.

1131 Pt1133Elizabeth Av

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