USANJElizabeth552 Elizabeth Ave
554 - 552 Elizabeth Ave, Home with 0 bedrooms, 0 bathrooms and 2 parking in ELIZABETH NJ | Image 1
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$600,000

554 - 552 Elizabeth Ave, Elizabeth, NJ

Real Estate

Sold

$--,---,---
$549,900
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  • Key Facts
  • Description
  • Map

Key Facts

Type Commercial
Levels Commercial Sale
Size 5550 sqft
Garage No
HOA Fees 
Taxes $18,147
Approx. Age 1964
Avg. Price Per Sqft $99
MLS® Number 2512042R

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Value-Add Mixed-Use Opportunity in Red-Hot Elizabethport! 552-554 Elizabeth Ave offers stable income today with huge upside for tomorrow. This mixed-use building features 2 spacious 2-bed/1-bath units, 1 non-conforming 1-bed unit, and a commercial space currently used as an auto repair shop. Long-term tenants mean under-market rents, leaving room for increased cash flow. Property presents a rare chance for potential redevelopment into a higher-density multi-unit mixed-use property (buyer to verify). With over 30 years under one owner, this is the kind of investment that doesn't come around often, ideal for investors or developers looking to capitalize on the area's explosive growth. Sold as-is. Buyer is responsible for due diligence.Show Description
MLS® Number2512042R
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1964
Stories2
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatSee Remarks
A/CWindow Unit(s)
Heating Fuel

Extras

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