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Listed by Vincent Lee Realty 7, LLC
$ 1,035,000
Est. payment | /mo
$ 1,035,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 26005024
Style Retail
Property Sub-Type Retail
Property Description
Prime Downtown Mixed-Use Investment Opportunity Located in the heart of the downtown business district, this two-level mixed-use building offers an unbeatable opportunity for the savvy investor. 1st Floor: Restaurant space approx. 1,650 sq. ft. 2nd Floor: 2-bedroom apartment approx. 1,100 sq. ft. with a private rear deck Gross Annual Income: $87,000 ($5,500 + $1,750/month) Operating Expenses: $13,263 Cap Rate: 7.12% Tenants pay all utilities including heating, gas, electric, and water. New roof replaced 3 years ago. Strong income, minimal expenses, and a prime downtown location make this a perfect investment or owner-user opportunity.
Location
State NJ
County Bergen
Interior
Heating Central Air, Electric, Oil
Nearby Locations
"Elevating Real Estate Dreams with Heart and Expertise."
111 Howard Blvd. Suite 202, Arlington, Jersey, 07856, United States