5-Unit + 1-Retail Mixed-Use | Strong Upside
Mixed Use | 5Family+Retail | 7%+ PF CAP | 6,367 SF
Marketing description
Situated at a prominent corner where five streets intersect, this property offers a rare investment opportunity with a perfect blend of residential and commercial units. It features one commercial unit, one three-bedroom unit, and four one-bedroom units. All but one of the one-bedroom units were tastefully renovated four years ago, enhancing the property’s appeal and value. Additionally, all tenants have been long-term residents, providing stability and a steady stream of income. With its prime location, strong rental history, and well-maintained units, this property presents an excellent opportunity for investors seeking a valuable and reliable asset.
Investment highlights
Significant Mark-to-Market Upside: Current rents are positioned well below market as the property has long-term legacy tenants, including a 30-year ground retail and residential tenants with 8+ years of tenure.
Prime North Bergen Location: Strategically situated in a high-density Hudson County pocket with easy access to NYC, ensuring a constant pool of renters.
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