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$ 1,299,888
Est. payment | /mo
$ 1,299,888
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260014150
Property Sub-Type Investment
Property Description
HIGH CASH FLOW. STRONG LOCATION. ENDLESS POTENTIAL! Welcome to this rare 5-unit, mixed-use investment gem perfectly situated in the high-demand heart of Kearny, NJ. Offering a prime opportunity for savvy investors or 1031 Exchange buyers, this property boasts strong existing income and incredible upside potential. The property generates an impressive Gross Income of $105,600/year with a Net Income of $77,382/year, offering a highly attractive and undervalued 6.45% Cap Rate. Spanning a versatile layout. Adding massive value to the asset is the rare and extensive parking situation, featuring a 1-car garage plus an expansive lot accommodating 15+ vehicles—a premium commodity in Kearny. Zoned R-2 for strong future upside, this property is built for results, steady cash flow, and long-term appreciation. Don't miss out on this seamless addition to your portfolio. This opportunity won't last—schedule your private showing today!
Location
State NJ
County Hudson
Area Kearny
Listed by KELLER WILLIAMS PARK VIEWS
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