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$ 649,900
Est. payment | /mo
2,613 Sqft Lot
$ 649,900
Est. payment | /mo
2,613 Sqft Lot
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 4028072
Year Built 1920
Annual Tax Amount $8,955
Tax Year 2024
Lot Size 2,613 Sqft
Property Sub-Type Mixed Use
Property Description
Fantastic opportunity to own a well maintained 3 unit mixed use property featuring both residential and commercial income. The first floor is occupied by a neighborhood convenience store, providing steady foot traffic and reliable rental income. The second floor offers a spacious updated three bedroom apartment, while the third floor features an updated one bedroom unit. Both residential units are currently vacant, allowing flexibility for an owner occupant or the ability to select a new tenant. Major improvements were completed in 2019, including a new roof and new siding, mostly new windows ensuring peace of mind for years to come. The building has separate utilities, with tenants paying their own heat, gas, and electric, minimizing owner expenses. There is also a one car garage. Best of all, this property qualifies for FHA financing due to the greater residential square footage making it an ideal choice for an investor or owner occupant looking to live in one unit and let the other tenants pay the mortgage. A solid investment in a strong rental market!
Location
State NJ
County Union
Zoning B
Rooms
Basement Bilco-Style Door, Full
Interior
Heating Electric, Gas-Natural
Cooling Wall A/C Unit(s), Window A/C(s)
Flooring Vinyl-Linoleum, Wood
Equipment See Remarks, Smoke Detector
Heat Source Electric, Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Garage Spaces 2.0
Utilities Available Electric, Gas In Street
Roof Type Asphalt Shingle
Building
Lot Description Corner
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Listed by RE/MAX FIRST REALTY II