BEDS6
BATHS2 full 2 partial
MLS#4002432
STATUS
PROPERTY TYPEMulti Unit - Multiple
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished, Walkout
Cooling: Window A/C(s)
Lot Size: 0.07 Acres
Roof Type: Flat
Taxes: $16,570
Amenities
Patio
Feature Descriptions
Days on Site: 100
Driveway: On-Street Parking, See Remarks
Exterior: Brick
Lot Dimensions: 0.07 acre(s)
Sewer: Public Sewer
Water: Public Water
Listed By / Shown By
Listed By
Agency Name: RE/MAX NEW MILLENNIUM GROUP
Agency Contact: 908-282-1234
Shown By
Agency Title: RealtyMark
Agency Phone: 888-240-0600
Estimate Your Payment
Estimated Payment
$ 3,520.48 per month $1,891.73 Principal & Interest $1,380.83 Property Tax $247.92 Homeowner's InsuranceChange Payment Information
1131 Pt1133elizabeth Av | MLS# 4002432
This multi-family property located at 1131 Pt1133elizabeth Av, Elizabeth, NJ 07201 is currently listed for sale with an asking price of $850,000. Search Elizabeth real estate on www.realtymarkllc.com today.