Overview

Seize the chance to own a three-story mixed-use property in the increasingly popular Bayonne, New Jersey. This building features two spacious three-bedroom apartments and a ground floor commercial space, presently leased to a successful, long term tenant. With a current cap rate of 6.3%, this property offers solid returns with potential for further enhancement. The two three-bedroom apartments each offer generous living spaces. The second floor unit is on a month-to-month lease, presenting an opportunity to adjust terms to market rates and increase profitability. The ground floor commercial unit is zoned for food preparation and is occupied by a thriving business with a long-term lease, ensuring stable income. Bayonne's real estate market is on the rise, making it an attractive location for investors and residents alike due to its close proximity to New York City. Bayonne offers various transportation options into NYC including NJ Transit, facilitating easy travel to and from Manhattan. This property is no doubt a compelling investment opportunity in a growing market. With stable income and potential to increase returns, it stands as a valuable addition to any investment portfolio. Don't miss the chance to invest in Bayonne's promising real estate landscape. Make an appointment today!