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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