620-622 Elizabeth AveElizabeth, NJ 07206

This exceptional investment opportunity presents a three-story, seven-unit apartment building situated at 620-622 Elizabeth Avenue in Elizabeth, New Jersey. Built in 1900, the property sits on a 0.115-square-foot lot and offers a compelling mix of unit sizes. The building comprises three one-bedroom units and four two-bedroom units, with six units boasting private balconies. The first-floor units do not have balconies. Currently, two retail spaces are rented as a single unit. All seven apartments feature central air conditioning (CAC), and utilities are individually metered for each unit. A full basement includes a dedicated utility room. The building benefits from a shared water and sewer system. Existing leases are in place, with the current lease expiring in June 2025. Owner financing is available, making this an attractive proposition for investors seeking a strong return. This property presents a rare chance to acquire a well-maintained multifamily building in a desirable New Jersey location. The asking price is $3,225,000. Don't miss this opportunity to add a valuable asset to your portfolio.