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2219 Park Ave
Off-Market Call for Pricing
Call for Pricing
- 4 Units
- 4,050 Sq Ft
- 16,117 Sq Ft
- Unknown Cap Rate
Description
INVESTORS: This five-unit, mixed residential / commercial building has a cap-rate of 6.8%, bringing in a gross rent of $7,100 a month (although this can be increased if the residential units are updated and the back detached properties designation changes). The entire unit is currently rented to a barber shop for $1,775 and a waxing studio for $850. The upstairs apartments are both two bed, one baths rented for $1,525 and $1,425. In the rear is an additional detached property that is currently used as a residential unit but can be converted into a commercial space (medical is approved zoning) for $1,525. All units have their own boilers and pay for their own utilities. The properties have 21-23 parking spots and are right on the corner of a major junction, so have plenty of curbside visibility. Total gross rent is $85,200 and expenses are $26,836. Included in expenses are the following: Professionals Fees ( Fire Alarm Inspection & Monitoring)
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Owner
Do you own or manage this property?
This is My PropertyAmenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $850,000 |
| Property Type | Other |
| Usable Sqft | 4,050 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1970 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 220006500002 |
| MLS # | NJMX2006116 |
| Property ID | 320161702 |
| Lot Sqft | 16,117 |
| Zoning | OBC1 |
| Total Units | 4 |
| Date Updated | June 19, 2024 |
| Date Created | January 14, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $85,200 | $0 |
Listing Provided By
Timothy Christopher Crew an agent of . Lic #1433029
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Data last updated: October 25, 2024.
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