Remarks

This renowned and iconic building is currently undergoing an extensive renovation, encompassing new fire escapes, refreshed exterior stucco, upgraded windows, and a brand-new roof. The project includes the transformation of five residential rental units, a street-accessible retail space, and a former restaurant. - no restaurant equipment included. the building has also been equipped with eight electric meters. This offering includes lots 00002.01 and 00003. construction is 100% completed.
the 5 residential units have been newly leased. Call LA for details. this building generates income from 5 residential units, 2 retail/commercial units, 1bill billboard. Landlord is in the process of leasing out retail units unless new buyer wants to purchase vacant Estimated gross income is projected conservatively $149,000/gross yearly. All 5 residential units have been recently leased. Landlord is in the process of leasing the retail/commercial units unless new buyer wants them vacant.

Disclaimer: floor plans and dimension are estimated to be accurate to the best of our knowledge.

Details

MLS#: NJME2040740
Price: $1,159,000

Year Built: 1950

County: MERCER
Tax Fee: 9447.0