NJ > Bayonne
Bayonne, NJ 07002,442 BROADWAY
Bayonne, NJ 07002,442 BROADWAY
Bayonne, NJ 07002,442 BROADWAY
18
See all 18 photos
$899,000
Est. payment /mo
Save
2.5 BA
Active

442 BROADWAY Bayonne, NJ 07002

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Isaac De Castro

Isaac De Castro

+1(646) 626-7901

UPDATED:

09/23/2024 10:48 PM

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

MLS Listing ID 240018827

Full Baths 2

Half Baths 1

Annual Tax Amount $11,867

Lot Dimensions 21.35x90

Property Description

Calling all investors! This is an incredible opportunity to purchase a 4,210-sq-ft mixed use property (one commercial, two residential units) in Bayonne, located in a prime commercial district on Broadway, just one block from the 22nd st Light Rail station. It offers an estimated cap rate of 7.6% in its current condition! Purchase it for immediate rental cashflow or as a terrific house-hack for owner-occupants. Unit 1 is zoned for commercial use and is occupied by a spa on a lucrative multi-year lease with built-in annual rent increases. It features central air, half bath, and a shower room. The two spacious residential units above have very similar layouts and are in similar condition ? both feature two very large bedrooms on opposite sides, eat-in-kitchen, one full bathroom, and an additional dining area. Unit 2 is currently vacant, offering the next buyer some flexibility ? rent as is to immediately boost rental income, renovate then rent to maximize monthly cashflow, or occupy and use income from the other two units to offset housing costs. Unit 3 is tenant-occupied and will NOT be delivered vacant. These types of properties rarely hit the market, especially with this size and location. It offers tremendous value to savvy investors looking to benefit from Bayonne?s real estate boom. Don?t miss out! Get in touch to receive more info on income and expenses and to potentially schedule a private viewing. Please do NOT GO DIRECTLY TO THE PROPERTY without an appointment. Square footage and taxes should be verified with the city independently. Sold strictly as is.

Location

State NJ

County Hudson

Area Bayonne

Listed by COMPASS

GET MORE INFORMATION

Isaac De Castro

Real Estate Advisor | 3561456; 1750974; 10401278264

+1(646) 626-7901

Full Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.

Go tour this home

442 BROADWAY

QUICK SEARCH