612 S Broad St, Elizabeth City, NJ 07202
- $799,900
- List Price
- $799,900
- Days on Market
- 1
- Status
- ACTIVE
- MLS#
- 4047934
- Lot Size (Acres)
- 0.12
- Year Built
- 1930
Property Description
Excellent Mixed-Use Investment Opportunity in Elizabeth, NJGreat opportunity for investors looking for a income-producing mixed-use property with strong upside potential.The property sits on an oversized 25' x 200' lot and features garage parking in the rear of the building. The property has been updated over time and offers the convenience of separate utilities, meaning tenants cover their own utility costs.Current Rental Income:Storefront: $2,450/month with a 10-year lease and an annual increase2-Bedroom Apartment: $1,800/month (vacant; market rent)4-Bedroom Apartment: $2,552/monthGarage rental $350/month Total Current Monthly Potential Income: $7,152Total Current Annual Income: $85,824Total Current Annual Expenses: $14,000Renovated condition, separate utilities, and an oversized lot with rear garage parking, this property offers an attractive combination of immediate cash flow and future upside potential.Don't miss this excellent investment opportunity. Schedule your private showing today!
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Additional Information
- Area
- Elizabeth City
- Basement Desc
- Unfinished
- Utilities
- Electric, Gas-Natural
- Taxes
- $8,297
- Exterior
- Brick/Block, Vinyl Siding
- Water
- Public Water
- Basement
- Yes
- Cooling
- Wall A/C Unit(s)
- Roof
- Flat
- Show Address
- Yes
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Listing Courtesy Of KELLER WILLIAMS REALTY, Contact: 908-320-8098
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