203-205 MARTIN LUTHER KING BLVD, JC, Greenville, NJ 07305
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Investment - JC, Greenville, NJ
Amazing investor opportunity for a mix-use multi family consisting of two separate properties next to each other sold as a package deal. Zoning allows up to 2 floors up on both sides, potential of adding 6-8 units on the two floor expansion. With easy approval for framing, electrical and plumbing. 1 storefront is already approved for a daycare which has been in business for over 15 years on a current 5 year lease with another 5 years extension and 3% increase per year. The other storefront would be ideal for a bakery potential of $3300/mo for rental income. Currently there is a 4 bedroom apartment listed at $1600/mo and the other 4 bedroom unit is currently on a month to month lease for $1000/mo.
Last Updated: August 27, 2016
Posted: August 3, 2016