967 Stuyvesant Ave,Union Twp., NJ 07083
Union Twp., NJ 07083
Description
Exceptional investment opportunity! This mixed-use property offers strong income potential with both residential and commercial tenants. The building features four 2-bedroom apartments currently rented below market at $4,900/month, with the ability to increase to approximately $8,000/month at market rents. The commercial portion includes a storefront ($2,500/month), a bar/restaurant leased at $4,500/month under a 5-year lease (plus an additional $2,000/year collected for property taxes, with separate utilities), and a Verizon antenna lease generating $11,000/year. Total current monthly income is approximately $12,816, with the potential to reach $19,500, translating to a Gross Operating Income (GOI) $153,792 annually. Estimated expenses include taxes ($18,177-$25,177), insurance ($12,695), and water ($1,500/year). The Net Operating Income (NOI) is currently estimated at $121,420.
Details
| MLS # | 3991035 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1953 |
| Days On Site | 339 |
| Listing Provided By | BHGRE ELITE | J.C. GONZALEZ |
Features
| Story(s) | 3 |
|---|---|
| Units | 6 |
| Zoning | Residential |
Taxes
| Property | 18177 |
|---|
Area Information
| State | NJ |
|---|---|
| County | Union |
| City | Union Twp. |
| Zip Code | 07083 |
| Area | Union |
| Listing VS Median (in 07083) | |
Price: $2,400,000 low | high Med: $130,000 On site: 339 low | high Med: 77 | |
Market Activity 07083
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Learn More About This Property
| State | NJ |
|---|---|
| County | Union |
| City | Union Twp. |
| Zip Code | 07083 |
| Area | Union |
| Listing VS Median (in 07083) | |
Price: $2,400,000 low | high Med: $130,000 On site: 339 low | high Med: 77 | |
