612 S Broad St, Elizabeth City, NJ 07202

Property Description

Excellent Mixed-Use Investment Opportunity in Elizabeth, NJ. Great opportunity for investors looking for a income-producing mixed-use property with strong upside potential.The property sits on an oversized 25' x 200' lot and features garage parking in the rear of the building. The property has been updated over time and offers the convenience of separate utilities, meaning tenants cover their own utility costs.Current Rental Income:Storefront: $2,450/month with a 10-year lease and an annual increase2-Bedroom Apartment: $1,800/month (vacant; market rent)4-Bedroom Apartment: $2,552/monthGarage rental $350/month Total Current Monthly Potential Income: $7,152Total Current Annual Income: $85,824 Total Current Annual Expenses: $14,000. Renovated condition, separate utilities, and an oversized lot with rear garage parking, this property offers an attractive combination of immediate cash flow and future upside potential. Don't miss this excellent investment opportunity. Schedule your private showing today!