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 updated three bedroom apartment, while the third floor features an updated one bedroom unit. Both residential units are 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, mostly new windows 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 also a one car garage. 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 other tenants pay the mortgage. A solid investment in a strong rental market!
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Zillow last checked:
Listing updated:
Listed by:
Olivier Louis908-543-4143,
Re/Max First Realty Ii
Source: GSMLS,MLS#: 4028072
Facts & features
Interior
Bedrooms & bathrooms
Bathrooms: 3
Heating
3 Units, Electric, Natural Gas
Cooling
Wall Unit(s), Window Unit(s)
Features
Flooring: Vinyl-Linoleum, Wood
Doors: Max Door Height: 0
Basement: Yes,Bilco-Style Door,Full
Interior area
Total structure area: 2,604
Property
Parking
Total spaces: 2
Parking features: 1 Car Width
Garage spaces: 2
Features
Stories: 3
Lot
Size: 2,613 Square Feet
Dimensions: 25 x 100
Features: Corner Lot, Corner, Residential Area
Details
Parcel number: 2914022030000000240000
Zoning description: B
Other equipment: See Remarks
Construction
Type & style
Home type: Apartment
Property subtype: Apartment
Attached to another structure: Yes
Materials
Brick/Block, Formed Concrete, Wood, Vinyl Siding
Roof: Asphalt Shingle
Condition
Updated/Remodeled
Year built: 1920
Major remodel year: 2019
Utilities & green energy
Gas: Gas In Street
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Gas In Street
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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