274 Centre Ave

Description

Check out this fabulous (value add) mixed use opportunity located on a well frequented street in Secaucus NJ! This 25 x 100 lot is two stories and features two storefront units on the ground floor as well as one residential apartment upstairs. The upstairs tenant is occupying a spacious 2 bedroom unit and pays their own utilities. Landlord currently pays the heat which is supplied to the entire building but it can be later separated by buyer if needed. The apartment has hardwood floors, some carpeting as well as a lovely bathroom with a rainfall shower. The storefronts are currently designated as a salon and a barber shop, with the salons lease ending on 12/31, ready for its new owner to claim. Property boasts strong local and regional traffic and visibility. This corner lot property has ample parking on site as well as plenty of street parking on the surrounding streets. This building has had a previous gross income of $48,600, which was well below market rates. Now, with the commercial units able to be delivered vacant, this invites the perfect opportunity for an owner/occupant or investor to potentially increase maximum net income. Check out 274 Centre Ave today and extend your portfolio with this gem!