Presenting very unique opportunity with this mixed-use development at 600 Chestnut Street in the heart of Roselle Park, New Jersey situated directly across from the NJ Transit Roselle Park Station on the (Raritan Valley Line, 2 stops to Newark Penn & NY Penn Station. NJ Transit Bus 113 directly to the Port Authority Bus Terminal in Midtown Manhattan. This is not merely convenient it is a fundamental value driver for both the residential and commercial components of this property.. This 5-unit portfolio combines residential income with significant commercial build-out upside. Two 3bedrooms apartments & 3 commercial Units. Making it one of the most strategically positioned investment properties currently available in Union County. This property offers a developer, investor, or owner-occupant the unique ability to create their own vision for the 5 units customizing layouts, finishes, and residential and commercial tenant mix to maximize long-term returns.At full stabilization, this property has the potential to generate $200,000 - $240,000 in gross annual income a compelling return profile for an asset located steps from one of New Jersey Train Stations. Minutes away from Robert Gordon Elementary School, Roselle Park Middle School, and Roselle Park High Schools.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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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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