708 E Jersey St
Elizabeth, NJ 07201
Retail Property For Sale
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,200 SF
Building Class
C
Year Built
1925
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.26
Lot Size
0.04 AC
Zoning
4-C
Frontage
52’ on E Jersey St
ABOUT 708 E JERSEY ST , ELIZABETH, NJ 07201
Mixed use legal 3 comes with 1 Commercial Unit (Vacant) 900 Sq Ft 2 Apartments Above Tenants on M2M (Paying 900/800) Both 2/1 Unit 1 700 Sq ft Unit 2 600 sq ft Asking 275k Taxes 7k Pro Forma Commercial- 1,300 Apartment 1- 1,200 Apartment 2- 1,150 Annaully 43,800 Expenses Taxes 6,964 (2018) Insurance 2,000 Water Sewer 2,000 Repairs & Management 5,000 Net Income 27,836/ 310,000 (purchase price and rehab) = 9.0% Tenants pay all Utilities besides water/sewer and Taxes
PROPERTY TAXES
| Parcel Number | 04-00007-0000-00233 | Improvements Assessment | $336,800 |
| Land Assessment | $213,800 | Total Assessment | $550,600 |
