House Description

Excellent opportunity to own a well maintained mixed use investment property in a thriving Maplewood location. This unique property consists of a fully renovated two-family home plus a separate single story commercial office space, offering strong rental income and long-term upside for investors or business owners alike. The residential building has been recently and extensively renovated, featuring beautifully updated kitchens, modern bathrooms, and refreshed flooring throughout. Tenants also enjoy access to the basement which includes two separate washers and dryers, adding convenience and additional value for residents. An benefit for tenants include access to the 3rd floor - which is open for their exclusive use as a office space, recreation area or storage. The street level commercial office space offers great visibility and flexibility for a wide variety of uses. Whether you're an investor looking for stable income or a business owner seeking a high-traffic location while offsetting expenses with rental income, this property presents a compelling opportunity. Located just moments from the Maplewood train station and the vibrant Maplewood Village, the property benefits from constant foot traffic, nearby restaurants, shops, and easy access to NYC transportation.

Highlights

Listed by PETER DECICCO , MP COMPASS NEW JERSEY, LLC , 973-310-6816. Garden State MLS

Property Type

Commercial Sale

Lot/Acreage

0.17

Year Built

1922

County

Essex

Neighborhood

Valley St

Listing ID

4019953

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Payment Breakdown

Principal Interest

$7,634

Taxes

$1,847

Home Price

$1,500,000

Home Price

Loan Details

30 yrs

6.562%

Interest Rate

Loan Type

Down Payment

20%

$300,000

Down Payment

Down Payment %

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Monthly Price:

$7,633.81

Principal

Taxes

	Principal	Taxes	HOA	Total
Monthly	$7,633.81	$1,847.17	$0.00	$9,480.98
Yearly	$91,605.74	$22,166.00	$0.00	$113,771.74
Total	$2,748,172.14	$664,980.00	$0.00	$3,413,152.14