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569 Morton Ave 6,000 SF 100% Leased Retail Building Rosenhayn, NJ 08352 $529,900 ($88.32/SF) 8.30% Cap Rate
Investment Highlights
- Fully occupied
- Septic is newer
- Some upgrades
Executive Summary
Price Improved Mixed-use property: Includes a 2,000 sq. ft. commercial storefront and four residential apartments (3 two-bedroom, 1 three-bedroom).
Revenue potential: Multiple streams of income from residential and commercial tenants.
Upgrades: Electric panels, hot water heaters, and HVAC system for the storefront have been modernized.
Utilities: Separate meters for all units, so tenants cover their own utilities—lowering landlord expenses.
Convenience: Fantastic location with easy access to RT 55, offering high visibility and accessibility.
Flexibility: Three tenants are on month-to-month leases, giving options for rent adjustments or new arrangements.
Updated systems: Modern septic and well systems ensure fewer maintenance headaches.
This could be ideal for an investor or owner-operator seeking passive income with minimal overhead due to the updates and tenant responsibility for utilities.
Revenue potential: Multiple streams of income from residential and commercial tenants.
Upgrades: Electric panels, hot water heaters, and HVAC system for the storefront have been modernized.
Utilities: Separate meters for all units, so tenants cover their own utilities—lowering landlord expenses.
Convenience: Fantastic location with easy access to RT 55, offering high visibility and accessibility.
Flexibility: Three tenants are on month-to-month leases, giving options for rent adjustments or new arrangements.
Updated systems: Modern septic and well systems ensure fewer maintenance headaches.
This could be ideal for an investor or owner-operator seeking passive income with minimal overhead due to the updates and tenant responsibility for utilities.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$60,000
|
$10.00
|
| Taxes |
-
|
-
|
| Operating Expenses |
$45,000
|
$7.50
|
| Total Expenses |
$45,000
|
$7.50
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $60,000 |
| Annual Per SF | $10.00 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $45,000 |
| Annual Per SF | $7.50 |
| Total Expenses | |
|---|---|
| Annual | $45,000 |
| Annual Per SF | $7.50 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,000 SF
Building Class
C
Year Built
1923
Price
$529,900
Price Per SF
$88.32
Cap Rate
8.30%
NOI
$44,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.20
Lot Size
0.69 AC
Zoning
Commercial - Zoned Commercial multi uses
Approximately 2000 sq ft corner retail/office store plus 4 residential apartments. Great opportunity for investors.
Parking
5 Spaces (0.83 Spaces per 1,000 SF Leased)
Frontage
266’ on Morton
Not walkable
10/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 03-00015-0000-00006 | Improvements Assessment | $833,800 (2025) |
| Land Assessment | $62,600 (2025) | Total Assessment | $896,400 (2025) |
Property Taxes
Parcel Number
03-00015-0000-00006
Land Assessment
$62,600 (2025)
Improvements Assessment
$833,800 (2025)
Total Assessment
$896,400 (2025)
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569 Morton Ave
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