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Under contract
  • $549,000

    552 Elizabeth Ave UNIT N/A, Elizabeth City, NJ 07206

    --beds
    4baths
    --sqft
    : 
    Apartment
    Built in 1900
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Commercial spaceAuto repair shop
    Value-Add Mixed-Use Opportunity in Red-Hot Elizabethport! 552-554 Elizabeth Ave offers stable income today with huge upside for tomorrow. This mixed-use building features 2 spacious 2-bed/1-bath units, 1 non-conforming 1-bed unit, and a commercial space currently used as an auto repair shop. Long-term tenants mean under-market rents, leaving room for increased cash flow. Property presents a rare chance for potential redevelopment into a higher-density multi-unit mixed-use property (buyer to verify). With over 30 years under one owner, this is the kind of investment that doesn't come around often, ideal for investors or developers looking to capitalize on the area's explosive growth. Sold as-is. Buyer is responsible for due diligence and acquiring CO.
    9 days
    on Zillow
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    171
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    6
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    Zillow last checked: April 25, 2025 at 11:55pm

    Listing updated: April 25, 2025 at 07:47am

    Listed by:

    Hector R. Rojas 917-533-9263,

    Exp Realty, Llc

    Source: GSMLS,MLS#: 3957429MLS Logo
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 4
    Heating
    • See Remarks, Natural Gas
    Cooling
    • See Remarks
    Features
    • Doors: Max Door Height: 0
    • Basement: None
    Interior area
    • Total structure area: 10

    Property

    Parking
    • Parking features: See Remarks
    Features
    • Stories: 2
    Lot
    • Size: 3,920.4 Square Feet
    • Dimensions: 37.50 x 100
    • Features: Business District
    Details
    • Parcel number: 2904006570000000040000
    • Zoning description: R-4
    • Other equipment: See Remarks

    Construction

    Type & style
    • Home type: Apartment
    • Property subtype: Apartment
    • Attached to another structure: Yes
    Materials
    • Brick/Block
    • Roof: Flat
    Condition
    • Year built: 1900

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Underground Utilities

    Community & HOA

    Location
    • Region: Elizabethport

    Financial & listing details

    • Tax assessed value: $935,400
    • Annual tax amount: $18,932
    • Date on market: 4/17/2025
    • Inclusions: Building Only
    • Ownership type: Fee Simple
    • Lease term: Month To Month
    • Tenant pays: All Utilities
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