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    FOR SALE
    Residential income homes

    691 Inman Ave, Colonia, NJ 07067

    1,314 SF 0.21 ac lot Built 1952
    Entity Owned 5-yr Hold
    Property ID
    US59-0567255
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Dave Roy - State Farm Insurance Agent Insurance Agency
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Roysib LLC · 5 yrs held
    Roysib LLC
    since 2021
    Last sale
    $340,000
    2 recorded transactions
    2021
    $340,000
    2008
    Zoning & alternative use
    R7-5 · Colonia, NJ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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