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$990,000

  • For Sale
  • Active
  • Commercial
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Discover 433 Elizabeth Ave, a versatile mixed-use building perfect for investors. Situated on a busy main road, this property features a 2,000 sqft storefront with a lease expiring in February 2025, ideal for various business opportunities. The second floor offers a spacious 4-bedroom, 2-bathroom unit, leased until December 2025, while the third floor includes a cozy 2-bedroom, 1-bathroom unit on a month-to-month lease. All units?both residential and commercial?are currently rented below market value, presenting significant potential for increased income. Each residential unit boasts a private entrance, ensuring comfort and privacy. Conveniently located just minutes from shops, restaurants, and public transportation, this property is an excellent investment opportunity!

Full Property Details for 433 Elizabeth Ave

General

  • Price: $990,000
  • Taxes: $15,039 (2023)
  • Status: Active
  • Type: Commercial
  • Source: Garden_State
  • MLS ID: 3930673
  • Updated: 10/24/2024
  • Added to Site: 10 day(s) ago

Business

  • Includes: Building Only

Rooms

Bathrooms

  • Total Bathrooms: 2

Additional Information

  • Equipment: Fire Alarm, Restrooms - Private, Smoke Detector, Sprinkler System

Parking

  • Parking: None

Location

  • County: Union
  • Driving Directions: Rahway Ave to Elizabeth Ave
  • Location Details: Business District

Heating & Cooling

  • Cooling Type: 3 Units
  • Heating Type: 3 Units
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: Electric, Natural Gas, Cable TV, Cable TV Available, Garbage Extra Charge

Structural Information

  • Construction: Wood
  • Exterior Const.: Brick/Block, Concrete
  • Basement: Yes
  • Basement Desc.: Slab, Unfinished
  • Roof: Flat
  • Ceiling Height: 8
  • Stories in Building: 3
  • Square Feet: 4,828
  • Office: 2,000 Sq. Ft.
  • Year Built: 2016
  • Remodeled/Updated: 2016

Unit Information

  • 2 Bedroom Units: 4
  • 3 Bedroom Units: 2
  • Units w/Full Bath: 2

Lot Features

  • Lot Size (Acres): 0.06
  • Lot Size: 25X100
  • Zoning: R-3A

Financial Considerations

  • Assessment Amount: $956,100
  • Land Assmt: $142,500
  • Tax Amount: $15,039
  • Tax Year: 2023
  • Pays Utilities: Tenant

Disclosures and Reports

  • Ownership: Fee Simple
  • Documents Avail.: Income & Expenses
  • Disclosures: Yes
  • APN: 2904-00680-0000-00041-0000-
  • Block: 680
  • Lot Number: 41

Listed by Weichert Realtors

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Listing agent

— 433 Elizabeth Ave —

  • Weichert Realtors

732-494-6800

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 433 Elizabeth Ave

School District:Elizabeth Public Schools
RatingNameGradesDistance
5
George Washington School No. 1
250 Broadway, Elizabeth, NJ 07206
PK-80.4 mi
6
Elizabeth High School
447 Richmond St, Elizabeth, NJ 07202
9-120.9 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 433 Elizabeth Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/21/2024
Listed
$990,000
760.87%
MLS
6/30/2016
Sold
$115,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 433 Elizabeth Ave

Year
Property Taxes
Change
Tax Assessment
Change
2022
$14,658
2%
$45,000
—
2021
$14,391
94%
$45,000
73%
2018
$7,421
-4%
$26,000
—
2017
$7,747
-4%
$26,000
—
2019
$8,028
4%
$26,000
—
2016
$7,748
-26%
$26,000
-35%
2015
$10,440
9%
$40,000
—
2013
$9,559
—
$40,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Weichert Realtors

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433 Elizabeth Ave, Elizabeth, NJ 07206 (MLS# 3930673) is a Commercial property. 433 Elizabeth Ave is currently listed for $990,000 and was received on October 21, 2024. Want to learn more about 433 Elizabeth Ave? Do you have questions about finding other Commercial real estate for sale in Elizabeth? You can browse all Elizabeth real estate or contact a Coldwell Banker agent to request more information.

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