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$ 800,000
Est. payment | /mo
3 Beds
2.5 Baths
20,997 SqFt
$ 800,000
Est. payment | /mo
3 Beds
2.5 Baths
20,997 SqFt
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 20,997 sqft
Price per Sqft $38
MLS Listing ID 3979583
Style See Remarks
Bedrooms 3
Full Baths 2
Half Baths 1
Annual Tax Amount $11,072
Tax Year 2024
Property Description
Welcome to an exceptional investment opportunity in the vibrant and growing community of Bayonne, NJ! This strategically located mixed-use property boasts a consistent gross income of $75,000, making it a lucrative addition to any portfolio. - Commercial Space: A well-established pharmacy occupies the ground level. This prime commercial space offers stability and a reliable tenant, contributing significantly to your cash flow. - Residential Units: The second floor features two charming residential units: - A spacious studio apartment at the front, seeking convenience and comfort. - A cozy 1-bedroom apartment at the back, ideal for those desiring a more intimate living space. Both units are well-maintained and reflect the character of Bayonne living.Endless Potential:? What sets this property apart is its incredible upside potential. Approved plans are in place for the construction of additional units, with the possibility of expanding to a total of 8 units, mirroring the successful development at 354 Broadway. This means you can significantly increase your income and capitalize on the growing demand for housing in this thriving market.Don?t miss out on this rare opportunity to secure a mixed-use property with immediate income and future growth potential. Whether you?re a seasoned investor or looking to take your first step into real estate, this property is positioned to provide both stability and prosperity.
Location
State NJ
County Hudson
Rooms
Basement Unfinished
Interior
Heating Gas-Natural
Cooling Window A/C(s)
Heat Source Gas-Natural
Exterior
Exterior Feature See Remarks
Utilities Available All Underground
Roof Type Flat
Building
Lot Description Level Lot
Sewer Public Sewer
Water Public Water
Architectural Style See Remarks
Others
Senior Community No
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Listed by NATIONWIDE HOMES REALTY LLC
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24 White Deer Plz, Sparta, NJ, 07871, USA
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