MLS#4041546
STATUS
PROPERTY TYPECommercial - Business
Property Description
HIGH CASH FLOW. STRONG LOCATION. ENDLESS POTENTIAL! Welcome to this rare 5-unit, mixed-use investment gem perfectly situated in the high-demand heart of Kearny, NJ. Offering a prime opportunity for savvy investors or 1031 Exchange buyers, this property boasts strong existing income and incredible upside potential. The property generates an impressive Gross Income of $105,600/year with a Net Income of $77,382/year, offering a highly attractive and undervalued 6.45% Cap Rate. Spanning a versatile layout, the apartment units will be delivered completely vacant at closing, allowing you to set your own market rents immediately in an area known for exceptionally high rental demand. Adding massive value to the asset is the rare and extensive parking situation, featuring a 1-car garage plus an expansive lot accommodating 15+ vehicles?a premium commodity in Kearny. Zoned R-2 for strong future upside, this property is built for results, steady cash flow, and long-term appreciation. Don?t miss out on this seamless addition to your portfolio. This opportunity won?t last?schedule your private showing today
Property Features
Property Type: Commercial - Business
Cooling: No Cool
Fuel Type: Gas-Natural
Heating: Baseboard - Electric
Lot Size: 0.30 Acres
Stories: 3.0
Taxes: $20,361
Year Built: 1920
Feature Descriptions
Days on Site: 1
Lot Dimensions: 0.30 acre(s)
Max Door height: 0
Number of Doors: 1
Parking Spaces: 15
Sewer: Association
Units: 5
Water: Association
Listed By / Shown By
Listed By
Agency Name: KELLER WILLIAMS PARK VIEWS
Agency Contact: 201-232-4339
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
739 Schuyler Ave | MLS# 4041546
This commercial property located at 739 Schuyler Ave, Kearny, NJ 07032 is currently listed for sale with an asking price of $1,299,888. Search Kearny real estate on www.realtymark.net today.