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Key Details
Sold Price $485,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,876 sqft
Price per Sqft $168
Municipality Allentown (ALL)
MLS Listing ID 22320905
Sold Date 03/08/24
Originating Board Monmouth Ocean Regional Multiple Listing Service
Year Built 1882
Annual Tax Amount $8,969
Tax Year 2022
Lot Size 2,613 Sqft
Acres 0.06
Lot Dimensions 50 x 56
Property Description
Don't miss out on this exceptional investment opportunity in the heart of Historic Allentown, NJ! This boutique commercial/residential center, located in downtown Allentown, presents a lucrative prospect for savvy investors. The building encompasses three well-established retail stores on the first floor, attracting a steady stream of customers and ensuring a reliable income stream. On the second floor, an attractive apartment with a loft/attic layout awaits, featuring two comfortable bedrooms, a full bath, and an updated kitchen equipped with modern appliances, including a convenient washer and dryer. The residential space exudes charm and practicality, making it an enticing option for a prospective tenant seeking a cozy living environment. The property's excellent condition is a testament to its upkeep and maintenance. Each unit has been thoughtfully equipped with separate utility meters, ensuring a smooth and efficient billing process for both the tenants and the landlord. Moreover, the recent installation of newer HVAC systems and water heaters adds to the overall appeal, minimizing potential maintenance costs. With all units already occupied and signed leases in place, this investment promises immediate returns and a hassle-free experience for the new owner. Additionally, the availability of extra off-street parking enhances the property's convenience and attractiveness for both tenants and customers. Seize the chance to be a part of Allentown's historic charm while securing a sound investment with this thriving commercial/residential center. Act fast, as investment opportunities like this rarely last long!
Location
State NJ
County Monmouth
Area None
Direction From I-195 take Exit 7 towards Allentown NJ. Follow approximately 1 mile into Allentown, #6 Church Street is on your right side.
Rooms
Basement Partial
Interior
Cooling Central Air, Window Unit(s)
Flooring Wood
Exterior
Exterior Feature Display Window
Garage On Street
Roof Type Shingle
Parking Type On Street
Building
Lot Description Sidewalks
Sewer Public Sewer
Water Public
Structure Type Display Window
New Construction No
Others
Senior Community No
Tax ID 03-00017-0000-00054
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Bought with Orrico Realty
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