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$ 549,000
Est. payment /mo
Under Contract
552 Elizabeth Ave Elizabeth City, NJ 07206
3,920 Sqft Lot
UPDATED:
Key Details
Property Type Other Types
Sub Type Mixed Use
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 3957429
Year Built 1900
Annual Tax Amount $18,932
Tax Year 2024
Lot Size 3,920 Sqft
Property Sub-Type Mixed Use
Property Description
Value-Add Mixed-Use Opportunity in Red-Hot Elizabethport! 552-554 Elizabeth Ave offers stable income today with huge upside for tomorrow. This mixed-use building features 2 spacious 2-bed/1-bath units, 1 non-conforming 1-bed unit, and a commercial space currently used as an auto repair shop. Long-term tenants mean under-market rents, leaving room for increased cash flow. Property presents a rare chance for potential redevelopment into a higher-density multi-unit mixed-use property (buyer to verify). With over 30 years under one owner, this is the kind of investment that doesn't come around often, ideal for investors or developers looking to capitalize on the area's explosive growth. Sold as-is. Buyer is responsible for due diligence and acquiring CO.
Location
State NJ
County Union
Zoning R-4
Interior
Heating Gas-Natural
Cooling See Remarks
Equipment See Remarks
Heat Source Gas-Natural
Exterior
Exterior Feature Aluminum
Utilities Available All Underground
Roof Type Flat
Building
Story 2
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Listed by EXP REALTY, LLC