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490 US Highway 46 3 Unit Apartment Building $650,000 ($216,667/Unit) Kenvil, NJ 07847

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INVESTMENT HIGHLIGHTS

Large parking lot - room for 13 cars
Income producing rental apartment above + studio apt for living on premises or additional rental space

Frontage on major highway

EXECUTIVE SUMMARY

Mixed use Commercial space available for the first time in over 50 years! Most recently used as a Kitchen Showroom; half bath in retail space. Many options with B-2 zoning. 2 bedroom apartment with kitchen and full bath+ 2 add'l rooms & walk up attic, as well as a studio/efficiency rental with a full bath and kitchenette. Basement storage. Great, high visibility corner, flat property. All city utilities - public water and sewer and natural gas hot water baseboard heat. Well maintained with fresh paint and new carpeting in apartment. Brand new dishwasher to be installed in the 2 bed apartment prior to closing. Large, flat paved parking lot with room for 13 cars; ideal for both retail customers and tenants.Property will be delivered vacant.

490_RT_46_Kenvil_NJ_DisclosureStatement

490 Route 46 E Floor Plans

PROPERTY FACTS

Price	$650,000	Building Class	B
Price Per Unit	$216,667	Lot Size	0.25 AC
Sale Type	Investment or Owner User	Building Size	2,087 SF
No. Units	3	No. Stories	2
Property Type	Multifamily	Year Built/Renovated	1925/1999
Property Subtype	Apartment General Retail Storefront Retail/Office General Retail Storefront Retail/Residential Office Office Residential	Parking Ratio	6.23/1,000 SF
Apartment Style	Low-Rise
Zoning	B-2 - Mixed Use; Allows for various commercial and residential uses

Price	$650,000
Price Per Unit	$216,667
Sale Type	Investment or Owner User
No. Units	3
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Office General Retail Storefront Retail/Residential Office Office Residential
Apartment Style	Low-Rise
Building Class	B
Lot Size	0.25 AC
Building Size	2,087 SF
No. Stories	2
Year Built/Renovated	1925/1999
Parking Ratio	6.23/1,000 SF
Zoning	B-2 - Mixed Use; Allows for various commercial and residential uses