232 Stuyvesant Ave
Lyndhurst, NJ 07071
$995,000
Sq. Ft.: N/A
Type: Commercial
Listing #3912229
Unique income producing investment property in the heart of Lyndhurst! Steps away from train station for easy commuting! Building is mostly leased and features 2 storefronts plus 3 apartments (Two 3 bedroom units (or 2 bedroom plus dining room) and a 1 bedroom unit), all fully occupied with favorable rents with 5.5% increases built in. Large piece of property with lots of parking in rear. Yearly income: $91,548 and Yearly Expenses: $23,026. "Bones" have been well maintained and units have in between tenants. Newer roof, furnaces, and water heater. Tenants pay own electric and gas, landlord pays heat and water. Potential to expand up or out in rear, buyer should do own due diligence with Lyndhurst Twp. Buyer responsible for obtaining C/O and any inspections needed for closing.
Property Features
County: Bergen
Latitude: 40.81551107600963
Longitude: -74.12509489164223
Property Location: Business District, Freestanding, Residential Area
Directions: Stuyvesant between Court & Tontine
Heating: 1 Unit, Radiators - Steam
Heating Fuel: Gas-Natural
Cooling: Wall A/C Unit(s), Window A/C(s)
Floors: Tile, Vinyl-Linoleum, Wood
Basement Description: Full, Unfinished
Has Basement: Yes
Tenant Pays: Cable T.V., Electric, Gas
Total Number of Units: 5
Stories: 2
Construction: Brick/Block, Wood
Siding: Brick/Block, Vinyl Siding
Roof: See Remarks
Water: Public Water
Utilities: Gas-Natural
Parking Description: 2 Car Width, Driveway-Exclusive, Gravel, Off-Street Parking
Lot Description: Level Lot
Loading Docks: 0
Lot Size in Acres: 0.1
Zoning: B
Building Total Area (Sq. Ft.): 3,545
Property Type: COM
Property SubType: Mixed Use, Office/Apartments, Store With Apartment
Year Built: 1920
Status: Active
Owner Pays: Heat, See Remarks, Water
Tax Amt / Rate / Rate Yr / Yr: 13881 / 3.172 / 2022 / 2022
Expenses: 23026
Equipment Available: Appliances
Documents Available: Income & Expenses, See Remarks
Gross Income: 91,548
$ per month
Year Fixed. % Interest Rate.
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Seller's Representative:
LATTIMER REALTY
LATTIMER REALTY
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Notice: The dissemination of listings displayed herein 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.
This information is being provided 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 deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Notice: The dissemination of listings displayed herein 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.
This information is being provided 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.
GSMLS (Broker IDX) data last updated at December 22, 2024 10:26 AM ET
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