516 51ST ST Active Save Request In-Person Tour Request Virtual Tour
West New York,NJ 07093
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250007472
Bedrooms 4
Full Baths 3
HOA Fees $1/mo
Annual Tax Amount $13,825
Tax Year 2024
Lot Dimensions 25 X 112
Property Sub-Type 4 Family
Property Description
Potential 7% Cap. Solid investment opportunity for both end-user and investor in a high-demand location near the Light Rail station. This mixed-use property features two commercial spaces—one currently leased to a licensed psychologist (1100 Sq Ft), and the second, a clean and versatile space ideal for professional or medical office use (500 Sq Ft). The property also includes two rented residential units: a 1BR apartment above the doctor's office, and a detached 3BR unit located at the rear of the lot. Strong rental demand and potential for a 6.5% cap rate make this a compelling addition to any investment portfolio and especially if you have a practice and want to live on site. All newer and separate utilities. Central AC/Heat. This property is a well-oiled machine.
Location
State NJ
County Hudson
Area West New York
Rooms
Basement Unfinished,Walk-Out
Interior
Heating A/C Central,Hot Air,Baseboard,Gas
Cooling A/C Central,Hot Air,Baseboard,Gas
Exterior
Exterior Feature Brick
Parking Features None