$485,000
$527,000
8.0%For more information regarding the value of a property, please contact us for a free consultation.
2,876 SqFt
SOLD DATE : 03/08/2024
Key Details
Sold Price $485,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 2,876 sqft
Price per Sqft $168
MLS Listing ID NJMM2001866
Sold Date 03/08/24
HOA Y/N N
Originating Board BRIGHT
Year Built 1882
Annual Tax Amount $8,968
Tax Year 2022
Lot Size 2,800 Sqft
Acres 0.06
Lot Dimensions 50X56
Property Description
Don't miss out on this exceptional investment opportunity in the heart of Historic Allentown, NJ! This boutique commercial/residential center, located in downtown Allentown, presents a lucrative prospect for savvy investors. The building encompasses three well-established retail stores on the first floor, attracting a steady stream of customers and ensuring a reliable income stream. On the second floor, an attractive apartment with a loft/attic layout awaits, featuring two comfortable bedrooms, a full bath, and an updated kitchen equipped with modern appliances, including a convenient washer and dryer. The residential space exudes charm and practicality, making it an enticing option for a prospective tenant seeking a cozy living environment. The property's excellent condition is a testament to its upkeep and maintenance. Each unit has been thoughtfully equipped with separate utility meters, ensuring a smooth and efficient billing process for both the tenants and the landlord. Moreover, the recent installation of newer HVAC systems and water heaters adds to the overall appeal, minimizing potential maintenance costs. With all units already occupied and signed leases in place, this investment promises immediate returns and a hassle-free experience for the new owner. Additionally, the availability of extra off-street parking enhances the property's convenience and attractiveness for both tenants and customers.
Seize the chance to be a part of Allentown's historic charm while securing a sound investment with this thriving commercial/residential center. Act fast, as investment opportunities like this rarely last long!
Location
State NJ
County Monmouth
Area Allentown Boro (21303)
Zoning 2SF
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Central A/C, Window Unit(s)
Flooring Wood
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
View City
Roof Type Shingle,Metal
Accessibility None
Garage N
Building
Building Description Other, Fire Alarm,Fire Escape,Kitchen
Sewer Public Sewer
Water Public
Structure Type Other
New Construction N
Schools
School District Upper Freehold Regional Schools
Others
Tax ID 03-00017-00054
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with NON MEMBER • Non Subscribing Office
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
GET MORE INFORMATION