416-418 Rahway Ave Elizabeth, NJ 07202

Exceptional investment opportunity in Elizabeth, New Jersey, featuring a four-unit building at 416-418 Rahway Ave, zip code 07202. This property boasts two residential apartments and two commercial spaces, offering a diverse income stream. Each apartment comprises three bedrooms and one bathroom, an eat-in kitchen, a formal living room, and a formal dining room. Modern conveniences include central air conditioning and forced-air heating, with all utilities separately metered for efficient management. The apartments command a monthly rent of $2,200 each. The commercial spaces generate substantial rental income: the first-floor store currently leases for $1,500 per month, and the second-floor office rents for $2,000 per month. The building provides ample parking, accommodating up to 15 vehicles. Located in Union County, this property presents a compelling investment opportunity due to its strong rental income, desirable features, and convenient location in Elizabeth, NJ. The asking price for this multifamily and commercial property is $1,349,000, representing a price per unit of $674,500. This is a turnkey investment ready for immediate income generation.