600 Chestnut St,Roselle Park Boro, NJ 07204
Roselle Park Boro, NJ 07204
Description
Presenting very unique opportunity with this mixed-use development at 600 Chestnut Street in the heart of Roselle Park, New Jersey situated directly across from the NJ Transit Roselle Park Station on the (Raritan Valley Line, 2 stops to Newark Penn),This is not merely convenient it is a fundamental value driver for both the residential and commercial components of this property.. This 5-unit portfolio combines residential income with significant commercial build-out upside, making it one of the most strategically positioned investment properties currently available in Union County. This property offers a developer, investor, or owner-occupant the unique ability to create their own vision for the 5 units customizing layouts, finishes, and residential and commercial tenant mix to maximize long-term returns.At full stabilization, this property has the potential to generate $200,000 - $240,000 in gross annual income a compelling return profile for an asset located steps from one of New Jersey Train Stations. Minutes away from Robert Gordon Elementary School, Roselle Park Middle School, and Roselle Park High Schools.
Details
| MLS # | 4036363 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 112 |
| Listing Provided By | BHGRE ELITE | CHRISTIAN COBO |
Features
| Garage | 1 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 5 |
| Zoning | Commercial |
Taxes
| Property | 23264 |
|---|
Area Information
| State | NJ |
|---|---|
| County | Union |
| City | Roselle Park Boro |
| Zip Code | 07204 |
| Area | Union |
| Listing VS Median (in 07204) | |
Price: $1,399,000 low | high Med: $569,000 On site: 112 low | high Med: 47 | |
Market Activity 07204
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Learn More About This Property
| State | NJ |
|---|---|
| County | Union |
| City | Roselle Park Boro |
| Zip Code | 07204 |
| Area | Union |
| Listing VS Median (in 07204) | |
Price: $1,399,000 low | high Med: $569,000 On site: 112 low | high Med: 47 | |