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Location! Location! Location! A great turnkey investment located in the center of Bayonne's Business District! This Brick front mix-use commercial building comprises of a high ceiling store front + 2 newly upgraded apartments. Each spacious apartment has 3 bedrooms, living room, dining room and kitchen. Back balcony allows the residential tenants to enjoy the back yard. All separate utilities with upgraded electrical panels and new HVAC systems for store front. Total annual rental income $60k. Estimated cap rate 5.25%. 1 block from 34th Street light rail and a few blocks from the newly established Costco shopping center. This is a fantastic investment with optimistic future.
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Listing information last updated on August 23rd, 2019 at 6:33pm EDT.