600 Chestnut St Roselle Park Boro, NJ 07204
Other
MLS #: 4036363
Courtesy Of Better Homes and Gardens RE Elite
Property InformationDescription
Presenting very unique opportunity with this mixed-use development at 600 Chestnut Street in the heart of Roselle Park, New Jersey situated directly across from the NJ Transit Roselle Park Station on the (Raritan Valley Line, 2 stops to Newark Penn),This is not merely convenient it is a fundamental value driver for both the residential and commercial components of this property.. This 5-unit portfolio combines residential income with significant commercial build-out upside, making it one of the most strategically positioned investment properties currently available in Union County.This property offers a developer, investor, or owner-occupant the unique ability to create their own vision for the 5 units customizing layouts, finishes, and residential and commercial tenant mix to maximize long-term returns.At full stabilization, this property has the potential to generate $130,000 " $146,400 in gross annual income a compelling return profile for an asset located steps from one of New Jersey Train Stations
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 5
- Exterior Type: Brick
- Exterior Type: Block
- Floor Covering: Laminate
- Floor Covering: Concrete
- Floors: 2
- MLSID: 4036363
- Parking Spaces: 1
- Roof Type: Asphalt
- Roof Type: Flat
- Roof Type: Shingle
- Rooms: Basement
MAP & DIRECTIONS
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