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About This Home
This 0-bedroom, 0-bathroom commercial at 967 Stuyvesant Ave in Union Twp, NJ is listed for $2,400,000. Built in 1953, on a 0.06 acres lot.
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.
Key Features
- Built in 1953
- 0.06 acre lot
- 3 stories
Property Details
Monthly Cost Estimate
$12,836/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
967 Stuyvesant Ave
Union Twp, NJ 07083-6909
Property Details
Flooring
Construction
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 967 Stuyvesant Ave is listed at $2,400,000. The estimated monthly payment is $10,400 based on 20% down at 6.5% interest.
Key features include: Built in 1953, 0.06 acre lot, 3 stories.
This property is listed by J.C. GONZALEZ and can be reached at 9083168530 or jc@elitebhg.com.