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Corner Building for Sale - 6% cape rate - $869900 (Union,NJ)

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Welcome to 2559 Morris Ave. A great location on a corner lot with three businesses and potencial for more. This stand alone building has a three Bedroom apartment above with private entrance. Rebuilt entirely in 2012 - featuring all new plumbing, new electrical with all new panels. Each of the unit have there own on demand high efficiency hot water heaters, new HVAC units for both cooling and heating in each of the businesses and apartment! Central vacuum system for businesses, Porcelain wood flooring throughout bottom floors and beautiful hardwood floors in Apt above. A must see for serious buyers.

Building offers approx 4000sq, and has a 6% cap rate based on existing rents.
5 reserved parking spots and plenty of street parking. Walking distance to DD, NYC bus stop, (NJ Transit) and minutes away from Union Train Station, not to mention centrally located to all major highways, e.g. Rt 78, Garden State Parkway, Rt 22 and more.
  • do NOT contact me with unsolicited services or offers

post id: 7019025403

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