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Ataullah Barnes

ataullah@rogprodigy.com +1(973) 277-2575

$850,000

Est. payment - /mo

6 Beds

3 Baths

39,996 SqFt

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UPDATED:

Key Details

Property Type Multi-Family, Commercial

Listing Status Under Contract

Purchase Type For Sale

Square Footage 39,996 sqft

Price per Sqft $21

MLS Listing ID 4002432

Style 2-Two Story

Bedrooms 6

Full Baths 2

Half Baths 2

Annual Tax Amount $16,570

Tax Year 2024

Lot Size 3,049 Sqft

Property Description

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.

Location

State NJ

County Union

Rooms

Basement Unfinished, Walkout

Interior

Heating See Remarks

Cooling Window A/C(s)

Heat Source See Remarks

Exterior

Exterior Feature Brick

Utilities Available See Remarks

Roof Type Flat

Building

Sewer Public Sewer

Water Public Water

Architectural Style 2-Two Story

Others

Senior Community No

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Listed by RE/MAX NEW MILLENNIUM GROUP

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Ataullah Barnes

+1(973) 277-2575

Broker | License ID: 0454603

Broker License ID: 0454603

1131 Pt1133Elizabeth Av Elizabeth City, NJ 07201

Ataullah Barnes

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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NEARBY SCHOOL & BUSINESS

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1131 Pt1133Elizabeth Av