558 S Broad St Elizabeth City Elizabeth, NJ 07202

Building Details

Year Built

1925

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Listed by Jeffrey Weber Show Phone

Source Remaxwelcomehomenj

Added: Jul 3 Updated: Jul 21 at 4:45AM Checked: Jul 22 at 2:09AM

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Investment Insights

Based on property information with market context.

This is a five-unit multifamily building configured with a mix of one-bedroom, studio, and two-bedroom apartments, plus a finished basement. The left side of the property includes a driveway for approximately five cars and a two-car garage with loft above. The garage loft is leased to a contractor, and two one-bedroom units are located on the first floor. A second-floor studio is also rented, along with two two-bedroom units on the upper level.

Parking is supported by two driveways for the left side and eight parking spaces on the right side of the property. The heating system consists of one furnace, stated to be approximately two years old, and it heats the entire building.

Current unit rents are provided in the remarks, with one-bedroom units at $3,600.00 total alongside other apartments rented at $1,000 and $1,500 each, as described. The remarks also note potential subdivision and new construction possibilities on the right side of the lot.

Key Highlights

• 5‑unit building on a 71x100 lot (0.16 acres) with 2 driveways and 8 parking spaces
• Finished, walkout basement plus one heating furnace that is 2 years old and heats the entire building
• Year built 1925 with exterior of brick and vinyl siding

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FAQs

What type of property is this?

Apartment building - Five-unit building on a 71x100 lot with two driveways, finished basement, and a two-year-old heating furnace.

Where is this apartment building located?

The property is located at 558 S Broad St Elizabeth City Elizabeth, NJ.

What is the asking price?

The asking price for this property is $1,080,000.

What are key features of this property?

This property features: 5‑unit building on a 71x100 lot (0.16 acres) with 2 driveways and 8 parking spaces; Finished, walkout basement plus one heating furnace that is 2 years old and heats the entire building; Year built 1925 with exterior of brick and vinyl siding