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.