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516 51ST ST
516 51ST ST
516 51ST ST
516 51ST ST
516 51ST ST
516 51ST ST
516 51ST ST
516 51ST ST
516 51ST ST
516 51ST ST
516 51ST ST
516 51ST ST
516 51ST ST
516 51ST ST
516 51ST ST
516 51ST ST

516 51ST ST

516 51ST ST, West New York, NJ 07093

$742,500

  • 4 BEDS
  • 3 FULL BATHS

Property Description

Potential 7% Cap. Solid investment opportunity for both end-user and investor in a high-demand location near the Light Rail station. This mixed-use property features two commercial spaces--one currently leased to a licensed psychologist (1100 Sq Ft), and the second, a clean and versatile space ideal for professional or medical office use (500 Sq Ft). The property also includes two rented residential units: a 1BR apartment above the doctor's office, and a detached 3BR unit located at the rear of the lot. Strong rental demand and potential for a 6.5% cap rate make this a compelling addition to any investment portfolio and especially if you have a practice and want to live on site. All newer and separate utilities. Central AC/Heat. This property is a well-oiled machine.

Overview

Property Type
Multi-family
Location
516 51ST ST, West New York, NJ 07093
MLS ID
250007472
Listing Last Updated

Property Features & Amenities

Interior

Total Bedrooms
4
Full Bathrooms
3

Exterior

Parking
None
Heat Type
Baseboard, Hot Air, Gas
Air Conditioning
A/C Central

Details

Architecture Styles
Multi-Level

Financial

Price
$742,500

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