620-622 Elizabeth Ave Elizabeth, NJ 07206

This exceptional mixed-use property at 620-622 Elizabeth Avenue in Elizabethport, NJ, presents a lucrative investment opportunity. Spanning 11,608 square feet on a 0.12-acre lot, the building comprises two retail spaces currently leased as a single unit and seven residential apartments. The apartment mix includes three one-bedroom units and four two-bedroom units, with six units boasting private balconies. Note that the first-floor apartments do not have balconies. All units are equipped with central air conditioning (CAC), and utilities are individually metered for efficient cost allocation. A full basement includes a dedicated utility room. The current leases on the residential units expire in June 2025, providing future flexibility for the new owner. The property offers significant potential for rental income and appreciation. Owner financing is available, making this an even more attractive proposition for qualified buyers. Don't miss the chance to acquire this well-maintained, high-yield investment property in a desirable location. The combination of retail and residential units provides a diversified income stream and strong potential for long-term growth. This is a rare opportunity to secure a substantial property in a thriving market.