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Listed with Maikol Puebla | 201-710-0598, Christie's International Real Estate Group-Hoboken
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Discover a highly desirable mixed-use property just five blocks from the heart of downtown, offering excellent rental income at 7.25% CAP Rate and long-term leases. This property is ideal for investors looking for a steady revenue stream with growth potential! Commercial Space (1st Floor): Spacious commercial area with a basement, currently leased for $2,570 per month with a secure 10-year lease and a 3% annual rent increase. This setup ensures reliable income with a growth trajectory for years to come. Residential Units: 2nd Floor: Fully renovated 4-bedroom, 1-bathroom apartment with a lease in place. Enjoy $2,550 in monthly rent for this renovated unit, offering a comfortable living space for tenants. 3rd Floor: 3 bedrooms, 1-bathroom unit renting at $2,000 per month. Additional Highlights: No on-site parking, but conveniently located just a short five-block walk to downtown.
| DAYS ON MARKET | 6 | LAST UPDATED | 11/12/2024 |
|---|---|---|---|
| YEAR BUILT | 0 | COMMUNITY | 0714 |
| COUNTY | ESSEX | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AREA | 0714 |
|---|---|
| STORIES | 3 |
| STYLE | Res/Com Mixed |
| TAXES | 9586 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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All information deemed reliable but not guaranteed. Last date updated: 11/17/24 6:58 PM PST Source: New Jersey Multiple Listing, Inc.
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