Bought with Peter A Tempesta • Smires & Associates
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Key Details
Sold Price $369,900
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,956 sqft
Price per Sqft $189
MLS Listing ID NJBL2107628
Sold Date 06/11/26
Style Colonial
Abv Grd Liv Area 1,956
Year Built 1940
Available Date 2026-04-11
Annual Tax Amount $5,005
Tax Year 2025
Lot Size 7,998 Sqft
Acres 0.18
Lot Dimensions 50.00 x 0.00
Property Sub-Type Detached
Source BRIGHT
Property Description
MIXED-USE INVESTMENT OPPORTUNITY - 2 APARTMENYS + RETAIL SPACE. Prime mixed-use investment opportunity on a high-exposure corner lot, ideal for expanding your rental portfolio or launching a small business in a well-trafficked location.
This income-producing property features three distinct units: a popular Brazilian restaurant and a 1-bedroom apartment on the main level, plus a 2-bedroom unit upstairs—delivering multiple streams of revenue. All units are occupied by long-term tenants who would prefer to stay (currently leased at $1,300/month each), offering immediate, consistent cash flow.
The commercial space offers excellent flexibility, well-suited for food service, retail, office use, or other neighborhood-oriented businesses. A full-size dry unfinished basement provides substantial storage, while the oversized backyard—complete with a storage shed and a planned barbecue area—adds further value and enhances the commercial potential.
Recent improvements include a newer heating system with two boilers, contributing to operational efficiency and long-term reliability.
Strategically located with strong visibility and easy access to surrounding residential neighborhoods, this property presents a rare combination of stability, versatility, and future upside.
Location
State NJ
County Burlington
Area Riverside Twp (20330)
Zoning R4
Rooms
Basement Unfinished, Shelving, Outside Entrance
Interior
Hot Water Natural Gas
Cooling Window Unit(s)
Fireplace N
Heat Source Natural Gas
Exterior
Garage Spaces 2.0
Water Access N
Accessibility None
Total Parking Spaces 2
Garage N
Building
Lot Description Corner
Foundation Concrete Perimeter
Above Ground Finished SqFt 1956
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Riverside Township Public Schools
Others
Tax ID 30-01005-00016
Ownership Fee Simple
SqFt Source 1956
Acceptable Financing Cash, Conventional, Exchange, VA
Listing Terms Cash, Conventional, Exchange, VA
Financing Cash,Conventional,Exchange,VA
Special Listing Condition Standard
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