$1,100,000
UNDER CONTRACT

79 Whitehead Ave South River, NJ 08882

Estimated payment $6,689/month

Total Views 2,547,369
-- Bed
-- Bath
8,000 Sq Ft
$138 Price per Sq Ft

Highlights

  • Property is near public transit
  • Corner Lot
  • Baseboard Heating

About This Home

Calling all investors! Welcome to a rare opportunity with charming room rentals, commercial opportunity, and a dedicated parking lot located in South River, NJ. This listing boasts a rooming and boarding house and 3 commercial spaces featuring 12 units total. Included in this listing are two distinct lots with the cafe, meat market/ deli, printing company and rooming and boarding home occupying the first and a parking lot occupying the second. The rooming and boarding home includes 9 rooms, 2 of those rooms have their own kitchen and bathroom, with 3 commercial spaces below, as well as a parking lot, ensuring a steady stream of rental income. Those three thriving commercial spaces complement the residential aspect: a bustling meat market and deli catering to locals' culinary needs, a reliable printing company serving businesses and individuals alike, and a charming cafe providing a cozy atmosphere for patrons to enjoy coffee and snacks with dedicated parking available for customers. Strategically located in South River, these commercial spaces benefit from a bustling community and high foot traffic. With a diverse range of revenue streams and a prime location, this property offers exceptional investment potential. Included in the listing is the parking lot across the street, perfect for customer parking or as an independent source of revenue! Don't miss your chance to capitalize on this lucrative opportunity in South River!

Listing Agent

Daniel Vaysberg

FORMULA REALTY, LLC Listed on: 03/13/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,898

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 127.00 x 91.00
  • Corner Lot

Home Design

Interior Spaces

  • 8,000 Sq Ft Home
  • 2-Story Property
  • Partial Basement

Location

  • Property is near public transit
  • Property is near shops

Utilities

  • Window Unit Cooling System
  • Radiator
  • Baseboard Heating
  • Gas Water Heater

Community Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,898

Lot Details

0

Listing Details

  • Property Sub Type: 4 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.19
  • Lot Size: 127.00 x 91.00
  • Ownership: See Remarks
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 2
  • ResoPropertyType: ResidentialIncome
  • Special Features: UnderContract
  • Stories: 2

Interior Features

  • Appliances: Water Heater(Gas), Water Heater
  • Owner Pays: Unit 1 Owner Pays(See Remarks), Unit 2 Owner Pays(See Remarks), Unit 3 Owner Pays(See Remarks), Unit 4 Owner Pays(See Remarks)
  • Has Basement: Partial, None
  • Interior Amenities: Unit 1(Kitchen,5+ Bedrooms,2+ Baths,See Remarks), Unit 2(4 Bedrooms,2+ Baths,See Remarks), Unit 3(1 Bath,See Remarks), Unit 4(1 Bath,See Remarks)
  • Living Area: 8000
  • Stories: 2

Exterior Features

  • Lot Features: Near Shopping, Near Train, Corner Lot

Garage/Parking

  • Parking Features: See Remarks

Utilities

  • Gas Company: Natural Gas
  • Cooling: A/C Window Unit(s)
  • Heating: Baseboard Electric, Baseboard, Radiators-Hot Water
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 8276

Tax Info

  • Tax Annual Amount: 8898
  • Tax Year: 2022

Multi Family

  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2024 05/13/24 Price Changed $1,100,000 -4.3% $138 / Sq Ft
03/13/2024 03/13/24 For Sale $1,150,000 -- $144 / Sq Ft
Source: All Jersey MLS

Source: All Jersey MLS

MLS Number: 2409255R

All Jersey MLS