967 Stuyvesant Ave, Union Twp., NJ 07083
- $2,400,000
- List Price
- $2,400,000
- Days on Market
- 349
- Status
- ACTIVE
- MLS#
- 3991035
- Lot Size (Acres)
- 0.06
- Year Built
- 1953
Property Description
Exceptional investment opportunity! This mixed-use property offers strong income potential with both residential and commercial tenants. The building features four 2-bedroom apartments currently rented below market at $4,900/month, with the ability to increase to approximately $8,000/month at market rents. The commercial portion includes a storefront ($2,500/month), a bar/restaurant leased at $4,500/month under a 5-year lease (plus an additional $2,000/year collected for property taxes, with separate utilities), and a Verizon antenna lease generating $11,000/year. Total current monthly income is approximately $12,816, with the potential to reach $19,500, translating to a Gross Operating Income (GOI) $153,792 annually. Estimated expenses include taxes ($18,177-$25,177), insurance ($12,695), and water ($1,500/year). The Net Operating Income (NOI) is currently estimated at $121,420.
Additional Information
- Area
- Union Twp.
- Basement Desc
- Unfinished
- Utilities
- Gas-Natural
- Taxes
- $18,177
- Exterior
- Vinyl Siding
- Lot Description
- Level Lot
- Water
- Public Water
- Cooling
- No Cool, Window A/C(s)
- Roof
- Asphalt Shingle
- Show Address
- Yes
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Listing Courtesy Of BHGRE ELITE, Contact: 908-316-8530
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