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$ 839,900
Est. payment | /mo
10,454 Sqft Lot
$ 839,900
Est. payment | /mo
10,454 Sqft Lot
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3965836
Annual Tax Amount $10,033
Tax Year 2024
Lot Size 10,454 Sqft
Property Sub-Type Mixed Use
Property Description
Prime Mixed-Use Investment Opportunity in Landing, NJ! This FHA-approved property offers strong rental income, a scenic pond at the property line perfect for fishing and relaxing views, and is located in a high-demand area with excellent access to major highways (80, 46, 10, 206), just a short walk to the train station and under two miles from the elementary school. It features a spacious 2-bedroom apartment renting for $2,350/month, a cozy studio generating $1,595/month, and a versatile three-room commercial unit with a kitchen and full bath two rooms currently rented for $1,950/month. The property also includes a potential income-generating parking lot adding $400+ monthly. Solar panels are approved for the property, providing long-term energy savings, and there's opportunity to install an advertising billboard for additional income. Zoned B1 Commercial, it allows for flexible mixed-use or redevelopment. With consistent cash flow, strong ROI, and the option to live on-site while managing, this is a rare and valuable investment opportunity you don't want to miss!
Location
State NJ
County Morris
Zoning B1
Interior
Heating Electric
Cooling 1 Unit
Equipment Appliances, Smoke Detector
Heat Source Electric
Exterior
Exterior Feature Brick/Block, Vinyl Siding
Utilities Available Electric, See Remarks
Roof Type Asphalt Shingle
Building
Story 2
Sewer Septic
Water Public Water
Others
Ownership Fee Simple
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Listed by COLDWELL BANKER REALTY
28 Valley Road Suite 1, Montclair, Jersey, 07042, United States