Fantastic opportunity to own a well maintained 3 unit mixed use property featuring both residential and commercial income. The first floor is occupied by a neighborhood convenience store, providing steady foot traffic and reliable rental income. The second floor offers a spacious two bedroom apartment, while the third floor features… Read More another two bedroom unit that has been recently updated and is currently vacant, allowing flexibility for an owner occupant or the ability to select a new tenant. Major improvements were completed in 2019, including a new roof and new siding, ensuring peace of mind for years to come. The building has separate utilities, with tenants paying their own heat, gas, and electric, minimizing owner expenses. There is a one car garage also. Best of all, this property qualifies for FHA financing due to the greater residential square footage making it an ideal choice for an investor or owner occupant looking to live in one unit and let the others pay the mortgage. A solid investment in a strong rental market! Read Less
Courtesy of RE/MAX FIRST REALTY II.
Listing Snapshot
Days Online
0
Last Updated
Property Type
Other
Square Ft.
2,604
Lot Size
0.06 Acres
Year Built
1920
MLS Number
3997836
30 Days Snapshot Of 07203
$505k
-2%
(avg) sold price
16
+33%
homes sold
102
-16%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Full, Yes
Building
Built in 1920, Renovated in 2019
Cooling
No Cool
Exterior Features
Vinyl Siding
Floors
Vinyl-Linoleum, Wood
Garage
2 garage spaces
Water Features
Public Water
Heating
Electric, Gas-Natural, 3 Units
Lot
Approximate Lot Size: 25X100, 0.06 acres
Property
2,604 sqft building, 3 units
Roof
Asphalt Shingle
Sewer
Public Sewer
Taxes
Annual Tax Amount: $8,955, Tax Rate: 8.695
Utilities
Electric, Gas In Street
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