902 Grove Street Elizabeth, NJ 07202

Listing agency RE/MAX Competitive Edge n***@njhomezone.com Show Phone

Listed by NADEEM QAVI · License #1109799

Source Crexi

Added: Apr 11 Updated: Jul 20 at 5:10PM Checked: Jul 20 at 5:10PM

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Investment Insights

Based on property information with market context.

This mixed-use income property features one store along with two separate 2-bedroom apartments. The building is currently operated with month-to-month tenants.

As reported, the store rent is $2,800 per month, and each apartment rents for $1,000 per month. Tenants pay all utilities except water and sewer.

The seller notes rents are below market and could be increased. The property is described as being in a convenient location, with access noted as approximately 15 minutes to a train station.

Key Highlights

• Mixed‑use building with 1 store and 2 two‑bedroom apartments.
• Current gross rents: store $2,800 plus Apt 1 $1,000 and Apt 2 $1,000.
• Stated cap rate of 6%.

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FAQs

What type of property is this?

Duplex - Mixed-use building with one retail store and two 2-bedroom apartments, generating current rental income.

Where is this duplex located?

The property is located at 902 Grove Street Elizabeth, NJ.

What are key features of this property?

This property features: Mixed‑use building with 1 store and 2 two‑bedroom apartments.; Current gross rents: store $2,800 plus Apt 1 $1,000 and Apt 2 $1,000.; Stated cap rate of 6%.