433 Elizabeth AveElizabeth, NJ 07206

For Sale
$990,000

High-yield mixed-use property in Elizabeth, NJ

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 4,828 square foot mixed-use property located at 433 Elizabeth Avenue in Elizabeth, New Jersey, zip code 07206. Built in 2016, the property consists of a ground floor commercial space and two residential units. The ground floor features a 2,000 square foot storefront currently leased, with the lease expiring in February 2025. The second floor offers a spacious four-bedroom, two-bathroom residential unit under lease until December 2025. A cozy two-bedroom, one-bathroom unit occupies the third floor, currently on a month-to-month lease. All units, both commercial and residential, are currently rented below market value, presenting a significant opportunity to increase rental income. Each residential unit enjoys the convenience of a private entrance. The property's prime location offers easy access to shops, restaurants, and public transportation, making it an attractive proposition for tenants and investors alike. The asking price for this lucrative investment is $990,000. This property is ideal for investors seeking a strong return on investment in a vibrant and accessible location.

Highlights

  • 4,828 SF mixed-use property in Elizabeth, NJ (07206).
  • Built in 2016, featuring a 2,000 SF ground floor commercial space (lease expiring February 2025).
  • Includes two residential units: a 4-bed/2-bath (lease expiring December 2025) and a 2-bed/1-bath (month-to-month).
  • Below-market rents offer significant income upside potential.
  • Prime location with easy access to amenities and public transportation.
  • Asking price: $990,000.

Property Details for 433 Elizabeth Ave

Property type
Other retail properties, Other land
Square Feet
4,828 SF
Year Built
2016

Location Insight

City
Elizabeth
County
Union
State
New Jersey
Latitude
40.6532964
Longitude
-74.1969179
433 Elizabeth Ave, Elizabeth, New Jersey

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433 Elizabeth Ave
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