Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
None
Sq.Footage
N/A
Prime Mixed-Use + Redevelopment Opportunity in Elizabethport! 552-554 Elizabeth Ave is a cash-flowing mixed-use property featuring 2 large 2-bed/1-bath apartments, 1 non-conforming 1-bed unit, and a commercial space currently operating as an auto repair shop. Held by the same owner for over 30 years, all units are rented with under-market rents, offering excellent value-add potential. Situated on a double lot and zoned R-4, the property may allow for redevelopment into a larger mixed-use building, multi-family, or townhouse-style units (subject to city approvals). Just blocks from the Elizabeth waterfront and transit to NYC, this is a rare opportunity to increase rents or reposition the site entirely in a rapidly growing area. Sold as-is. Buyer to perform all due diligence.
Features & Amenities
Interior
-
Total Bedrooms
N/A
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Bathrooms
N/A
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Pet friendly
N/A
Exterior
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Garage
No
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Pool
No
Area & Lot
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Property Type
Residential Income
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Property Sub Type
Mixed Use
Price
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Sales Price
$549,000
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Sq. Footage
N/A
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Price/SqFt
N/A
HOA
-
Association
No
School District
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Elementary School
N/A
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Middle School
N/A
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High School
N/A
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Location
County
UNION
Elementary School
Middle School
High School
Listing Courtesy of Hector Rojas , EXP Realty, LLC
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