$450,000
$525,000
14.3%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 09/20/2016
Key Details
Sold Price $450,000
Property Type Commercial
Sub Type Investment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 160003696
Sold Date 09/20/16
Annual Tax Amount $13,813
Lot Dimensions 25x100
Property Sub-Type Investment
Property Description
MIXED USE BUILDING. 4 APARTMENTS. 1 STORE. LOCATED ON BAYONNE'S BUSIEST COMMERCIAL STREET, THIS MIXED USE 4+1 BUILDING IS FULLY RENTED AND GROSSING 62500 WITH EXPENSES OF APPROXIMATELY 20K. THE RESIDENTIAL TENANTS HAVE ALL BEEN THERE FOR MULTIPLE YEARS AND THE COMMERCIAL TENANT HAS A LEASE WITH 3 YEARS LEFT. TENANTS PAY ALL UTILITIES EXCEPT WATER AND THE OWNER JUST REPLACED THE ENTIRE SEWER SYSTEM (25K COST). THIS PROPERTY HAS UPSIDE FOR RENTS AND WILL BE PROVIDE ITS NEW OWNER THE OPPORTUNITY FOR APPRECIATION
Location
State NJ
County Hudson
Area Bayonne
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Bought with GROUP TWENTY SIX LLC