Property
West Milford Twp., NJ 07480 1483 Union Valley Rd
$1,050,000
Pending
Presented By: EXP REALTY, LLC; 917-533-9263
Full/Half Baths • 0 / 5
Garage • 20
Home Details
Seize this exceptional investment opportunity in West Milford's vibrant commercial district! 1483 Union Valley Road is a fully leased, two-story mixed-use property offering strong rental income and a projected cap rate of 7.7%. This 5,906 SF building sits on 0.37 acres and features two commercial spaces and three residential units, making it an ideal asset for investors seeking stable cash flow.
Presented By: EXP REALTY, LLC; 917-533-9263
Interior Features for 1483 Union Valley Rd
Bathrooms
Num Units w/Full Bath3
Num Units w/Half Bath2
Half Baths5
Other Interior Features
Price Per Sq Ft178.00
Available Sq Ft0
Num 1 Bdrm Units3
Fuel TypeGas-Natural
Total Stories2
General for 1483 Union Valley Rd
Cap Rate7.70
ConstructionBrick/Block, Wood
CoolingMulti-Zone Cooling, Window A/C(s)
CountyPassaic
DirectionsGoogle
Documents AvailableIncome & Expenses
DriveParking Lot-Exclusive
EasementUnknown
Equipment AvailableSign - Building, Sign - Freestanding, Smoke Detector
Farm AssessmentNo
Garage Spaces20
Gross Income135096
HeatingMulti-Zone, See Remarks
Leasable Area
Lease Information1 Year Minimum, 3-5 Year Minimum
Lease TypeMixed
LocationBusiness District, Freestanding
Net Operating Income81024
Num Apts3
Number Of Units Total5
Operating Expense54072
OwnershipFee Simple
Permitted UseMixed Use-Medical
PossessionAt Closing
Prior UseMixed Use-Medical
Property TypeMixed Use
Property TypeMixedUse
RoofAsphalt Shingle
SewerSeptic
Standard StatusUnder Contract
StatusUnder Contract
Tax Annual Amount27364
Tax Assessed Value675000
Tax Lot6
Tax Year2024
Town #2515
TownshipWest Milford Twp.
UtilitiesGas-Natural
Utilities Paid ByTenant
Year Built1940
ZoningVC-Village Co
Exterior for 1483 Union Valley Rd
Building Area Total5906
Exterior DescriptionVinyl Siding
Lot Dimensions.370 AC
Lot Size Acres0.37
Max Ceiling Height0
Max Door Height0
Number of Bays0
Number of Docks0
Water SourceWell
Additional Details
Price History
Jenniffer Bravo Llerena
Associate