Five units fully occupied in a prime downtown location, merely a block from the stately Capital Building. An additional unit awaits your vision - convert to a 2 bedroom residence only needs an egress window or use as a bustling commercial space, as zoning allows.This convenient location means tenants are just a short stroll from the train station. The owner covers sewage and water, while tenants pay electric and heat separately. All leases have expired, opening the door to bringing rents up to current market rates.The layout showcases the property's versatility. Unit 1 is a cozy studio. Unit 2 offers 1 bedroom. Unit 3 is a 2 bedroom. Unit 4 provides 1 bedroom. Unit 5 gives you 1 bedroom. And Unit 6? That's up to you - maximize it as a 2 bedroom apartment or keep as a commercial unit.This turnkey investment comes ready to reimagine, reinvent and revitalize. Act now to make it yours!
NJME2041764
Mixed Use, Business Opportunities, 3+ Story
MERCER
1950
0.06
Acres
Public
3
Brick,Frame
Public Sewer
4,151
Sq. Ft.
5 Total
Interior Features
- Cooling
- Window Unit(s)
- Heating
- Gas Heat. Forced Air.
Exterior / Lot Features
- Parking
- On Street.
- Exterior
- Brick, Frame
- Lot Dimensions
- 25.00 x 100.00
Financial Considerations
11-00604-00014
$13,321
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