Property profile

691 Inman Ave Colonia, NJ 07067

FOR SALE
Residential income homes
Property ID
US59-0567255
1,314 SF 0.21 ac lot Built 1952
Entity Owned 5-yr Hold
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Property summary

AI-generated overview

This exceptional 0.208-acre commercial land parcel, located at 691 Inman Avenue in Colonia, New Jersey (zip code 07067), presents a unique investment opportunity for both owner-users and investors. The property, built in 1952, boasts a two-story structure currently configured with versatile space. The front portion features multiple private rooms, a break room, and ample storage, ideal for a variety of commercial uses. This area is easily adaptable to suit specific business needs. A separate rental unit is also situated on the property, offering two levels of living space. Upstairs, you'll find three generously sized bedrooms and one bathroom. Downstairs, an open kitchen flows seamlessly into a comfortable living area. The property's potential extends beyond its current configuration. The substantial backyard and ample parking provide significant advantages. This property is perfectly suited for business owners seeking a combined live/work space, investors looking for rental income, or those seeking to convert the property into a single-family home. The property is situated in Woodbridge Township, Middlesex County, New Jersey, offering convenient access to major transportation routes and local amenities. The asking price for this remarkable property is $649,000.

Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1952
Total area 1,314 SF
Lot 0.21 ac (9,050 SF)
Zoning code R7-5
APN 25 00499- 05-00006
UPID US59-0567255

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency

Location

691 Inman Ave Colonia, NJ 07067
Colonia metro Census 2302 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$410k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$435k

Owner & transaction history

since 2021
Last sale
$340,000
2 recorded transactions
2021
$340,000
2008
Price N/A

Zoning & alternative use

R7-5 · Colonia, NJ

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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