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Value-Add Mixed-Use Opportunity in Red-Hot Elizabethport! 552-554 Elizabeth Ave offers stable income today with huge upside for tomorrow. This mixed-use building features 2 spacious 2-bed/1-bath units, 1 non-conforming 1-bed unit, and a commercial space currently used as an auto repair shop. Long-term tenants mean under-market rents, leaving room for increased cash flow. Property presents a rare chance for potential redevelopment into a higher-density multi-unit mixed-use property (buyer to verify). With over 30 years under one owner, this is the kind of investment that doesn't come around often, ideal for investors or developers looking to capitalize on the area's explosive growth. Sold as-is. Buyer is responsible for due diligence.
| DAYS ON MARKET | 2 | LAST UPDATED | 4/17/2025 |
|---|---|---|---|
| YEAR BUILT | 1900 | COMMUNITY | Elizabeth |
| COUNTY | Union | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AREA | Elizabeth |
|---|---|
| CONSTRUCTION | Aluminum Siding |
| HEAT | Natural Gas |
| LOT | 3920 sq ft |
| SEWER | Public Sewer |
| STORIES | 2 |
| TAXES | 18932 |
| UTILITIES | Underground Utilities |
| WATER | Public |
| ZONING | R-4 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with EXP REALTY, LLC
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