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Listed by Mitchell Massaro New and Modern Group
$499,000
Est. payment /mo
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Res/Com Mixed
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 26002790
Style Res/Com Mixed
Property Sub-Type Res/Com Mixed
Property Description
Solid mixed-use building at 1449 Teaneck Rd featuring a 2BR residential unit plus street-level storefront on a 20’ x 96’ lot. Concrete construction (1930) with no exterior maintenance. Zoned Business/Residential. Current income: $1,900/mo (2BR) and $1,600/mo (store) with clear upside potential in both units. Annual taxes approx. $11,180. 2 bed renovated in 2015 and in good condition, offering immediate cash flow with value-add opportunity through storefront renovation and rent increases. Residential unit heated by hot water boiler; storefront uses hot air heat, both window A/C. Tenant pay utilities, PSEG High-visibility Teaneck Rd location ideal for investors seeking stable income with long-term appreciation. Both units long term tenants who want to stay.
Location
State NJ
County Bergen
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NEARBY SCHOOL & BUSINESS
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