SALE PRICE - 430K

💰 arv - 800k

REPAIRS - none required!!

Investment Highlights:

📝 Assignment Fee: 10K Included In The Asking Price

🏠 Property Type: Mixed Unit/Commercial/1 Unit Residential

🛏️ Bedrooms: 3

🛁 Bathrooms: 1

📐 Square Footage: Approximately 1340 SqFt | LOT SIZE 2408 SqFt

📊 ROI Potential: High

🏢 Rental Income: Attractive

‼️ Reduced 50K!!

📍 Location: This property is set in the bustling business and arts district of New Brunswick; Located on New Street, directly across from the Middlesex Family Court House, guaranteeing foot traffic!! It is a mere two blocks away from the highly anticipated billion-dollar Helix Redevelopment, currently in Phase 1 Construction! With such a desirable location, this property presents an outstanding retail space opportunity!!

📌 Upstairs Is Occupied - 1 Tenant Pays $2,200 Rent Per Month

Downstairs First Level is vacant! Used to be a Deli/Pizzeria.

EXHAUST HOOD IS RECENTLY INSTALLED AND FULLY OPERATIONAL! THIS IS A MAJOR BONUS FOR BUSINESS!

📌 Property Tax: $11,778

📝 This building is well maintained, featuring a restaurant buildout on the first floor (not operational). It comes equipped with various items, including installed exhaust hood, freezers, requiring minimal work to get up and running!!

📝 On the second floor, you'll find a spacious, above average 3 bedroom, 1 bath apartment. With it's tile floors and private entry, this apartment offers a quality living experience. Present tenants are already inlace, paying $2,200 per month, on a month-to-month lease.

📝 Both units have separate gas and electric meters!

⚡ Prime Mixed-Use Property with a great location! OPPORTUNITY ZONE !!

⚡ Great Retail Space at Street level for business with guaranteed foot traffic!

⚡ This property has recently undergone upgrades, including electrical and plumbing systems, along with other major repairs! (receipts included in files)

⚡Location, Location!!! THIS AREA IS IN HIGH DEMAND!!

Act quickly, as opportunities like this tend to be snatched up quickly!! Don't miss out on this incredible deal!!!

SALES COMPS & DATES:

174 Easton Avenue, New Brunswick NJ 08901

APN: 13-00069-0000-00019 | Block-69

NJC Realty LLC

$949,900

On 11/24/21

162 Easton Ave, New Brunswick, NJ 08901

APN: 13-000-69-0000-00024 | Block-69

162 Easton LLC

$875,000

On 07/19/22

58 Easton Ave, New Brunswick, NJ 08901

APN: 13-00049-0000-00028 | Block-49

58 Easton Redev LLC | Elizabeth Fernandes

$1,5000,000

On 05/03/23, 05/12/23

10 Kirkpatrick St, New Brunswick, NJ 08901

APN: 13-00020-0000-00019 | Block-20

777 West Park Avenue LLC | 16 Van Dyke Avenue LLC

$895,000

On 06/17/22, 06/30/22