Property
Elizabeth City, NJ 07202 558 S Broad St
$1,200,000
Presented By: TOP CHOICE REALTY NETWORK; 908-353-8277
Full/Half Baths • 0 / 6
Garage • 10
Home Details
Great investment property. Could also be a good opportunity for developer to build new appartements or may be possible to subdivide right side and build new 2 family. Commercial 5-unit building sitting on a 71x100 lot with 2 driveways. Let side is driveway with 2 car garage with loft above garage, leased to a contractor along with 2 one-bedroom units on1st. floor for $3,500.00. 2nd floor studio rented for $900.00 and the other 2 two-bedroom units rented for $1,500.00 each. The right side of the property have 8 parking spaces. The basement is finished. one Heating furnace that is 2 years old and heats entire building.
Presented By: TOP CHOICE REALTY NETWORK; 908-353-8277
Interior Features for 558 S Broad St
Bedrooms
Num 4 Bed Units
Bathrooms
Num Units w/Full Bath6
Num Units w/Half Bath
Half Baths6
Other Interior Features
Price Per Sq Ft0.00
Available Sq Ft0
Num 3 Bdrm Units0
Num 2 Bdrm Units2
Num 1 Bdrm Units3
BasementFinished, Walkout
FlooringTile, Wood
Fuel TypeGas-Natural
Total Stories3
General for 558 S Broad St
Cap Rate6.00
ConstructionBrick/Block
CoolingWindow A/C(s)
CountyUnion
DirectionsOff Route 1&9 North close to Summer Ave.
Documents AvailableSee Remarks
Drive1 Car Width, Blacktop
EasementNo
Equipment AvailableSmoke Detector
Garage Spaces10
Gross Income104800
Heating1 Unit, Baseboard - Hotwater
Leasable Area
Lease InformationMonth-To-Month
LocationResidential Area
Net Operating Income65988
Num Apts5
Number Of Units Total5
Operating Expense38812
OwnerPaysElectric, Gas
OwnershipFee Simple
PossessionTBD
Property TypeApartment Complex
Property TypeApartment Complex
RoofAsphalt Shingle
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount22810
Tax Assessed Value1185600
Tax Lot33
Tax Year2024
Tenant PaysHeat, Hot Water, Maintenance-Common Area, Repairs
Town #2904
TownshipElizabeth City
UtilitiesElectric, Gas-Natural
Year Built1925
ZoningCommercial
Exterior for 558 S Broad St
Building Area Total
Exterior DescriptionVinyl Siding
Lot Dimensions71X100
Lot Size Acres0.16
Max Ceiling Height
Max Door Height0
Number of Bays0
Number of Docks0
Total Parking10
Water SourcePublic Water
Additional Details
Price History
Brian Lee
Associate