569 Morton Ave - Storefront FOR SALE


Rosenhayn, NJ 08352
$550,000 USD
856-227-1950
569 Morton Ave, Rosenhayn, NJ for Sale
$550,000 USD
Storefront - FOR SALE
1/24
null | 8% Cap Rate

569 Morton Ave
Rosenhayn, NJ 08352


HIGHLIGHTS

  • Fully occupied
  • Some upgrades
  • Septic is newer

OVERVIEW

Mixed-use property: Includes a 2,000 sq. ft. commercial storefront and four residential apartments (3 two-bedroom, 1 three-bedroom). Revenue potential: Multiple streams of income from residential and commercial tenants. Upgrades: Electric panels, hot water heaters, and HVAC system for the storefront have been modernized. Utilities: Separate meters for all units, so tenants cover their own utilities—lowering landlord expenses. Convenience: Fantastic location with easy access to RT 55, offering high visibility and accessibility. Flexibility: Three tenants are on month-to-month leases, giving options for rent adjustments or new arrangements. Updated systems: Modern septic and well systems ensure fewer maintenance headaches. This could be ideal for an investor or owner-operator seeking passive income with minimal overhead due to the updates and tenant responsibility for utilities.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$138 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Convenience Store, Medical, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,098 SF

ZONING

Commercial

APN/PARCEL ID

03-00015-0000-00006

ASK ABOUT THIS PROPERTY

Kathleen HansburyWeichert Realtors - Washington TownshipMore Info
856-227-1950

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Kathleen HansburyWeichert Realtors - Washington TownshipMore Info
856-227-1950

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.