1878 Springfield AveMaplewood, NJ 07040

This exceptional investment opportunity presents a 6,000 square foot mixed-use building situated on a 0.11-acre lot in Maplewood, NJ's thriving commercial district. The property boasts a prime location on a busy, high-visibility street, ensuring excellent exposure for its tenants. Currently 100% leased, the building comprises two long-term storefront tenants (a restaurant and a nail salon) with built-in annual rental increases, and four residential apartments (three two-bedroom units and one studio). Four parking spaces are included, along with a finished basement. The residential units are currently leased below market value, presenting significant upside potential for future rental income. The property's convenient location offers easy access to the Maplewood business district, downtown Maplewood, parks, the Maplewood Country Club, the Garden State Parkway (GSP), Route 78, Newark International Airport (within 10 miles), and various public transportation options. Recent upgrades and improvements include a new roof (2021), three newer hot water tanks (2021), updated bathroom and paint in Apartment A (2021), new kitchen cabinets in Apartment B (2022), a complete repaint of the building and basement (2022), and a new security system with cameras (2022). This meticulously maintained property represents a rare opportunity to acquire a high-performing mixed-use asset in a highly desirable location. Each unit is separately metered.