Property

Elizabeth City, NJ 07206 552 Elizabeth Ave

Pending
Presented By: EXP REALTY, LLC; 917-533-9263
  • MLS# 3957429
  • 04/17/2025
  • Request Tour
  • Request Info
  • Full/Half Baths • 0 / 4

Home Details

Value-Add Mixed-Use Opportunity in Red-Hot Elizabethport! 552-554 Elizabeth Ave offers stable income today with huge upside for tomorrow. This mixed-use building features 2 spacious 2-bed/1-bath units, 1 non-conforming 1-bed unit, and a commercial space currently used as an auto repair shop. Long-term tenants mean under-market rents, leaving room for increased cash flow. Property presents a rare chance for potential redevelopment into a higher-density multi-unit mixed-use property (buyer to verify). With over 30 years under one owner, this is the kind of investment that doesn't come around often, ideal for investors or developers looking to capitalize on the area's explosive growth. Sold as-is. Buyer is responsible for due diligence and acquiring CO.
Presented By: EXP REALTY, LLC; 917-533-9263

Interior Features for 552 Elizabeth Ave

Bathrooms

Num Units w/Full Bath3
Num Units w/Half Bath1
Half Baths4

Other Interior Features

Price Per Sq Ft0.00
Available Sq Ft0
Num 2 Bdrm Units2
Num 1 Bdrm Units1
Fuel TypeGas-Natural
Total Stories2

General for 552 Elizabeth Ave

ConstructionBrick/Block
CoolingSee Remarks
CountyUnion
DirectionsGoogle
Documents AvailableIncome & Expenses
DriveSee Remarks
EasementUnknown
Equipment AvailableSee Remarks
Farm AssessmentNo
HeatingSee Remarks
Leasable Area
Lease InformationMonth-To-Month
Lease TypeMixed
LocationBusiness District
Num Apts3
Number Of Units Total4
OwnershipFee Simple
Permitted UseMixed Use
PossessionAt Closing
Prior UseApartments and Commercial Space Auto Repair
Property TypeMixed Use, Office/Retail, Store With Apartment
Property TypeStore With Apartment
RoofFlat
SewerPublic Sewer
Standard StatusUnder Contract
StatusUnder Contract
Tax Annual Amount18932
Tax Assessed Value935400
Tax Lot4
Tax Year2024
Town #2904
TownshipElizabeth City
UtilitiesAll Underground
Utilities Paid ByTenant
Year Built1900
ZoningR-4

Exterior for 552 Elizabeth Ave

Building Area Total10
Exterior DescriptionAluminum
Lot Dimensions37.50X100
Lot Size Acres0.09
Max Ceiling Height0
Max Door Height0
Number of Bays0
Number of Docks0
Water SourcePublic Water

Additional Details

Price History

Tina Torres

Broker/Owner
Price $549,000
MLS#3957429
List Date 04/17/2025
Property Type Pending
Request Tour
Request Info
Visit My Website

Similar Properties to 552 Elizabeth Ave

Get Pre-approved