165 Washington Ave Elizabeth City, NJ $ 679,000
165 Washington Ave
$ 679,000
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165 Washington Ave

Elizabeth City, NJ, 07202
$ 679,000
Baths0.4

Monthly Estimate*

$ 4,513

165 Washington Ave, Elizabeth City, NJ 07202 - Image 1
165 Washington Ave, Elizabeth City, NJ 07202 - Image 2
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165 Washington Ave, Elizabeth City, NJ 07202 - Image 9
Studio Commercial Property for sale in Elizabeth City, NJ for $679,000 with 4 half baths. This building was built in 1910 on a lot size of 0.08.

Discover a unique investment opportunity in the heart of Elizabeth, located in the bustling Washington section. This all-brick, mixed-use building is perfectly positioned on a main street, featuring three units, two of which are currently operational. The ground floor hosts a commercial store, generating a monthly rental of $3,400. Above, find a spacious three-bedroom apartment with a full bathroom, upgraded vinyl flooring, and an eat-in kitchen that opens to a bright and airy living space complete with a porch/patio. This unit is ideal for both comfort and convenience, situated just blocks from the Broad Street shopping district and Elizabeth High School. The rear of the building offers an additional 1500-2000 sqft of space, ready to be transformed into another three-bedroom apartment, complete with separate electric and gas meters. With on-street parking and proximity to key amenities, this property promises significant income potential and is a lucrative investment for the savvy buyer.

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Commercial Active

Price

$ 679,000

Bedrooms

Studio

Half Bath

4

Property Type

Commercial

Taxes

$ 12,384

Style

MixedUse

Lot Size

0.08

Year Built

1910

Town/City

Elizabeth City

County/Region

UNION

MLS | Web ID

3898356

Features
General
Sewer Public Sewer
Construction Brick/Block
Heating 2 Units Baseboard - Electric Forced Hot Air
Cooling 1 Unit Central Air
Utilities Gas-Natural
Possession Upon Closing
Roof Flat
Zoning Commercial
Year Built 1910
Tenant Pays Electric Gas Heat Hot Water
Township Elizabeth City
Property Type Mixed Use MixedUse
Tax Year 2023
Percent Ownership Fee Simple
Location Business District
Gross Income 0
County Union
Net Operating Income 0
Operating Expense 0
Subdivision Name Washington
Status Active
Directions South Street to Washington right next door to Pizzeria on the corner.
Total Units 3
Street Name Washington Ave
Tax Annual Amount 12384
Drive On-Street Parking
Leasable Area 0
Days on Market 1
Standard Status Active
Tax Assessed Value 40500
Town # 2904
Tax Lot 5
Cap Rate 0.00
Farm Assessment No
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Interior
Basement Partial Unfinished
Flooring Laminate
Fuel Type Electric Gas-Natural
Total Stories 2
Half Baths 4
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Exterior
Lot Features Level Lot
Water Source Public Water
Exterior Description Brick/Block
Building Area Total 0
Lot Dimensions 33X100
Lot Size Acres 0.08
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* Excluded Features
List By
JEFFREY BROOKMAN

Listing Agent

Brookman Realty

Broker

jeffreyb1836@gmail.com

Email

Affordability Calculator

$5,545
Per Month
81%
19%
0%
Monthly Principal & Interest
$4,513
Monthly Property Taxes
$1,032
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/26/2024$679,000 Listed Price

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165 Washington Ave, Elizabeth City, NJ, 07202 is a Commercial Property for sale at $679,000 with a lot size of 0.08. 165 Washington Ave is a studio with 0.4 baths and was built in 1910. The property's zip code is 07202 which is in Elizabeth City, NJ