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517 Joralemon St

Belleville Twp., NJ 07109
  • $1,850,000
  • STATUS: Active
  • ON SITE: 27 Days
  • MLS #: 3750544
UPDATED: 112 min ago
$1,850,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,600
    SQFT
  • $280
    $/SQFT
Type:
Commercial
Built:
1919
County:

School Ratings & Info

Description

TURN-KEY INVESTMENT OPPORTUNITY. FULLY OCCUPIED TWO-STORY WELL MAINTAINED SOLID BRICK 9 UNIT BUILDING HAS (3) ONE BEDROOM APARTMENTS, (2) TWO BEDROOM APARTMENTS AND (4) RETAIL STORE FRONTS. EXCELLENT RENT ROLL AND UPSIDE. BUILDING IS IN PRISTINE CONDITION, ALL UNITS ARE RENOVATED AND HAVE SEPARATE MECHANICAL SYSTEMS AND UTILITIES. FULL BASEMENT. OFF STREET PARKING. LONG TERM COMMERCIAL TENANTS. THIS IS A NOT-TO-BE -MISSED ASSET FOR THE SAVVY INVESTOR OR 1ST TIME LANDLORD.

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© 2021 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Christie's International Real Estate Northern New Jersey. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Christie's International Real Estate Northern New Jersey are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-12-02T23:46:33.703.
www.srrealestategroup.com/homes/123076502
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517 Joralemon St Belleville Twp., NJ 07109

  • Price: $1,850,000
  • Status: Active
  • On Site: 27 Days
  • Updated: 112 min ago
  • MLS #: 3750544
0
Beds
0
Baths
0
½ Baths
0.2
Acres
6,600
SQFT
$280
$/SQFT
1919
Built
County:
Essex
Area:
Belleville Twp.
Property Description
TURN-KEY INVESTMENT OPPORTUNITY. FULLY OCCUPIED TWO-STORY WELL MAINTAINED SOLID BRICK 9 UNIT BUILDING HAS (3) ONE BEDROOM APARTMENTS, (2) TWO BEDROOM APARTMENTS AND (4) RETAIL STORE FRONTS. EXCELLENT RENT ROLL AND UPSIDE. BUILDING IS IN PRISTINE CONDITION, ALL UNITS ARE RENOVATED AND HAVE SEPARATE MECHANICAL SYSTEMS AND UTILITIES. FULL BASEMENT. OFF STREET PARKING. LONG TERM COMMERCIAL TENANTS. THIS IS A NOT-TO-BE -MISSED ASSET FOR THE SAVVY INVESTOR OR 1ST TIME LANDLORD.
Exterior Features

Approximate Lot Size 80.79X106.75 Construction Brick/Block Exterior Description Brick/Block Location Corner Lot Description Level Lot Number Of Bays 0 Number Of Docks 0 Parking Driveway Description BlacktopLightingParking Lot-Exclusive Roof Description Flat

Interior Features

Basement Yes Basement Description FullUnfinished Cooling 4+ UnitsCentral Air Equipment Available AppliancesSign - BuildingSmoke Detector Floors Wood Heating 4+ UnitsForced Hot Air Max Ceiling Height 0 Max Door Height 0 Number Of Lavatories 9 Office Sq Ft 0

Property Features

For Sale Or Lease For Sale Fuel Type Gas-Natural Gross Operating Income 149028 Net Operating Income 110261 Primary Property Type Store With Apartment Property Type Apartment ComplexMixed UseStore With Apartment Sale Includes Building & Land Sewer Public Sewer Suite Number 0 Tax Amount 30535 Tax Rate Amount 3.743 Tax Rate Year 2020 Tax Year 2020 Total Operating Expense 38767 Utilities Gas-Natural Utilities Paid By Tenant Water Public Water Year Built Description Renovated Zoning Commercial

Listing information © 2021 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Re/Max Elite Realty.


© 2021 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Christie's International Real Estate Northern New Jersey. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Christie's International Real Estate Northern New Jersey are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-12-02T23:46:33.703.
 
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Christie's International Real Estate Northern New Jersey
47 Maple Street
Summit NJ, 07901