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Listed by Richard Brito Benjamin RE/MAX SELECT - Montclair
$1,499,000
Est. payment /mo
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Res/Com Mixed
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26037903
Style Res/Com Mixed
Property Sub-Type Res/Com Mixed
Property Description
Prime mixed-use investment opportunity in the heart of Elizabeth! Located directly on vibrant Elmora Avenue, this income-producing property features 5 units total: 3 residential apartments plus 2 commercial spaces and is currently generating over $10,000 per month in gross rental income. All tenants are on month-to-month agreements, providing flexibility for the new owner.Surrounded by restaurants, banks, supermarkets, laundromats, shops, and established businesses, the property offers excellent visibility and convenience. Ideally located near Newark Liberty International Airport, major highways, and public transportation, approximately 30 minutes from Manhattan.Perfect for an investor looking to expand a portfolio or an owner-user seeking to operate a business while generating income from the remaining units. Strong cash flow, multiple income streams, excellent location, and tremendous long-term potential make 149 Elmora Ave a rare investment opportunity in Elizabeth.
Location
State NJ
County Union
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Nearby Locations
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