1131 1133 Elizabeth Av,Elizabeth City, NJ 07201
Elizabeth City, NJ 07201
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.
Details
| MLS # | 4000380 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Under Contract |
| Year | 0 |
| Days On Site | 288 |
| Listing Provided By | RE/MAX NEW MILLENNIUM GROUP | JAYCE LOPEZ |
Features
| Basement | Y |
|---|---|
| Story(s) | 2 |
| Units | 4 |
| Zoning | COMMERCIAL |
Taxes
| Property | 16570 |
|---|
Area Information
| State | NJ |
|---|---|
| County | Union |
| City | Elizabeth City |
| Zip Code | 07201 |
| Area | Union |
| Listing VS Median (in 07201) | |
Price: $850,000 low | high Med: $3,450 On site: 288 low | high Med: 46.5 | |
Market Activity 07201
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Learn More About This Property
| State | NJ |
|---|---|
| County | Union |
| City | Elizabeth City |
| Zip Code | 07201 |
| Area | Union |
| Listing VS Median (in 07201) | |
Price: $850,000 low | high Med: $3,450 On site: 288 low | high Med: 46.5 | |
