Potential CAP RATE of 7% assuming market rents. Don???t miss a terrific opportunity to own a renovated mixed-use property in the northern section of Bayonne, zoned for commercial use on the first floor with two large residential units above. The property offers 3, 120 square feet of interior space across three levels, plus an unfinished basement with separate boilers, water heaters and gas and electric meters. All 3 units were renovated a couple of years ago. The two residential units have solid tenants in place for immediate rental income for the next owner, with leases expiring this spring. Unit 1, meanwhile, offers approximately 1, 000 sq ft and a great opportunity to maximize rental income by renting it as a professional office space, or as a beauty parlor/nail salon. It features one private room, which would make for a great private office, plus a nice open-concept floor plan ideal for individual desks, coffee table, waiting area, or office lounge. The possibilities are endless. Unit 1 also has exclusive use of the paved backyard and the basement for additional storage. The second unit is a 3-bedroom apt with one bathroom, offering approximately 1, 100 sq ft of living space and a private outdoor space on the second level. The third-floor unit has exactly the same size and layout as the second floor, with one exception -- instead of a 3rd bedroom, it has a large dining and living room combination, which could easily be altered to match the 2nd floor. The property is convenient located near multiple bus lines, including one that runs to Exchange Place in Downtown Jersey City and another with a route to NYC right on the corner. Retro Fitness, Aqui Supermarket, Walgreens, local restaurants, cafes, and shops are all within a block or two, and beautiful Gregg Park overlooking the bay is a few minutes away. Costco, Lidl, Stop n Shop, Walmart, Lowes, and many other brands are a short drive away. Don't miss out -- book your private showing today!
