643 Elizabeth Avenue

Elizabeth Port, NJ 07206

$775,000
Price
2
Beds
3
Baths
1
1/2 Bath
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Explore a prime investment opportunity at 643 Elizabeth Ave! This mixed-use property features a thriving dental office on the first unit along with a separate entrance to the finished basement, and a residential 2 bed 2 bath apartment spanning the spacious second and third levels. Residential tenant is on a month to month lease while the dental office is on a long term lease, offering both opportunity and long term security. Situated on strategic location near transportation, shops, and dining, this...Explore a prime investment opportunity at 643 Elizabeth Ave! This mixed-use property features a thriving dental office on the first unit along with a separate entrance to the finished basement, and a residential 2 bed 2 bath apartment spanning the spacious second and third levels. Residential tenant is on a month to month lease while the dental office is on a long term lease, offering both opportunity and long term security. Situated on strategic location near transportation, shops, and dining, this property is tailor-made for astute investors seeking a profitable addition to their portfolio.

Listing Agents

  1. Juan Gamarra

    Juan Gamarra

    Listing Agent

    Compass

    juan.gamarra@compass.com

    P: (201)-381-7741

  2. Paola Cordoba

    Paola Cordoba

    Alternative Listing Agent

    Compass

    paola.cordoba@compass.com

    P: (908)-227-9723

Property Details for 643 Elizabeth Avenue

Directions
Between 6th and 7th St
Days On Market
1
LISTING UPDATED: 08/21/2024 12:40 PM

Property Details for 643 Elizabeth Avenue

StatusActive
MLS #3919755
Days on Market89
Taxes$10,134 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3-Three Story
Year Built1950
Lot Size0.06 AC / 2,613 SF
CountyUnion County

Building Information for 643 Elizabeth Avenue

Stories-Residences2Year Built1950Building Size-Lot Size0.06 AC / 2,613 SF

Property Information for 643 Elizabeth Avenue

Summary
Location and General Information
  • Zoning: COM
  • Active Days on Market: 1
  • County #: Union
  • Town Name: Elizabeth City
  • Block Identifier: 641
  • Listing Type: Exclusive Right to Sell
  • Town #: 2904.0
  • Street # Display: 643.0
  • # Parking Spaces: 0
  • County Or Parish: Union
  • Street Name: Elizabeth Ave
  • Zip Code: 07206-1131
  • Total Units: 2
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $10,134
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Assessment Total: 500700.0
  • Tax ID For Property: 2904-00641-0000-00038-0000-
  • Tax Rate Amount: $31
  • Tax Rate Tax: *
  • Tax Rate Year: 2023
  • Tax Year: 2024
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: On-Street Parking
  • # Garage Spaces: 0
Property
Lot Information
  • Lot Identifier: 38
  • Approximate Lot Size: 25X100
  • Total Acres: 0.06
  • Construction Date/Year Built: 1950
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 275700.0
  • Assessment Land: 225000.0
Utilities
  • Cooling: Central Air, Window A/C(s)
  • Water: Public Water
  • Heating: 2 Units, Baseboard - Hotwater
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Cinder Block, Vinyl Siding
  • Exterior Features: Deck, Patio, Sidewalk
Interior Features
  • Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Wood Floors
  • Roof Description: Asphalt Shingle, Flat
  • Basement: Yes
  • Basement Description: Finished, Full
  • Easement: No
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Smoke Detector, Sump Pump
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 0
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Lease Expiration: 06-30-2041
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 1 Rent: 3000.0
  • Unit 1 Room Description: See Remarks
  • Unit 1 Rooms: 7.0
  • Unit 1 Security Deposit: 9999.0
  • Unit 1 Sq Ft: 1213.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 2 Baths: 2.0
  • Unit 2 Bedrooms: 2
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 2.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Electric, Owner Pays Gas, Owner Pays Water, Tenant Pays Heat
  • Unit 2 Rent: 2400.0
  • Unit 2 Room Description: Bedrooms, Dining Room, Eat-In Kitchen, Living Room, Master Bedroom, See Remarks
  • Unit 2 Rooms: 6.0
  • Unit 2 Security Deposit: 1100.0
  • Unit 2 Sq Ft: 1326.0
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $17,614.00
  • Expenses Include: Electric, Gas, See Remarks, Taxes
  • Net Operating Income: $47,186.00
  • Gross Operating Income: $64,800.00

Property History for 643 Elizabeth Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 643 Elizabeth Avenue

Taxable ValueLand$225,000Additions$275,700Total$500,700
Tax Record2023$8,322 ($693 / month)
Home Facts
Total Finished SqFt2,136 SqFtAbove Grade Finished SqFt2,136 SqFtLot Size2,500 SqFtStyleMiscellaneous CommercialCountyUNIONAPN04 00641-0000-00038

Schools near 643 Elizabeth Avenue

This home is within Elizabeth Public School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 2 to 8
Public - 9 to 12
Rating
School
Distance
Sonia Sotomayor School No 25
PublicK to 8

Elizabeth High School
Public9 to 12

Terence C. Reilly School #7
Public2 to 8

Adm W F Halsey Leadership Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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643 Elizabeth Avenue is a multi-family home for sale in Elizabeth Port, NJ 07206. This property was listed for sale on August 20, 2024 by Compass, it's currently listed at $775,000. It has been on the market for a total of 89 days and was last sold on November 1, 2004. This listing's school district is Elizabeth Public School District. Nearby schools include Sonia Sotomayor School No 25, Elizabeth High School and Terence C. Reilly School #7. 643 Elizabeth Avenue is a 2-bed, 3.5-bath, multi-family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 11/17/2024 06:23 AM. Source: New Jersey Multiple Listing Service, Inc. © 2024 New Jersey Multiple Listing Service, Inc. All rights. The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated: 11/17/2024 06:23 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.