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$350,000
Est. payment /mo
3 Beds
3.5 Baths
5,227 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3971290
Style Colonial
Bedrooms 3
Full Baths 3
Half Baths 1
HOA Y/N No
Year Built 1927
Annual Tax Amount $11,381
Tax Year 2024
Lot Size 5,227 Sqft
Property Sub-Type Single Family
Property Description
Investor Special Dual Approved Project with Major Upside in Belleville. *This is a construction project*. House has been knocked down to the foundation. The buyer will be purchasing as is and will continue the construction. Buyer has 2 options. #1 Build a mixed-use building. This property has board approval for a new mixed-use building with: Two large one-bedroom apartments approximately 1240 and 1066 square feet. One two-bedroom apartment approximately 1115 square feet and two retail storefronts approximately 478 and 402 square feet, which can be combined. Indoor garage with space for 5 cars including EV charging. Shared office and lounge space approximately 813 square feet. The lot wraps around the corner with access from both Union Ave (stores) and Joralemon St (parking) and sits in a mixed-use zone close to shopping, transit, and development. Option #2 ? build a new single family with 3 bedrooms and 3 bathrooms, construction plans available. Whether you move forward with the single-family renovation or build the approved mixed-use concept, this property offers multiple profitable exit strategies.
Location
State NJ
County Essex
Rooms
Basement Finished, French Drain
Kitchen Separate Dining Area
Interior
Heating See Remarks
Cooling See Remarks
Fireplaces Number 1
Fireplaces Type See Remarks
Heat Source See Remarks
Exterior
Exterior Feature See Remarks, Stone, Stucco
Parking Features Detached Garage
Garage Spaces 1.0
Utilities Available See Remarks
Roof Type Asphalt Shingle
Building
Sewer See Remarks
Water See Remarks
Architectural Style Colonial
Others
Senior Community No
Ownership Fee Simple
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Listed by RE/MAX HOMELAND REALTORS