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490 US Highway 46 3 Unit Apartment Building £485,745 (£161,915/Unit) Kenvil, NJ 07847

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INVESTMENT HIGHLIGHTS

Large parking lot - room for 13 cars
Income producing rental apartment above + studio apt for living on premises or additional rental space

Frontage on major highway

EXECUTIVE SUMMARY

Mixed use Commercial space available for the first time in over 50 years! Most recently used as a Kitchen Showroom; half bath in retail space. Many options with B-2 zoning. 2 bedroom apartment with kitchen and full bath+ 2 add'l rooms & walk up attic, as well as a studio/efficiency rental with a full bath and kitchenette. Basement storage. Great, high visibility corner, flat property. All city utilities - public water and sewer and natural gas hot water baseboard heat. Well maintained with fresh paint and new carpeting in apartment. Brand new dishwasher to be installed in the 2 bed apartment prior to closing. Large, flat paved parking lot with room for 13 cars; ideal for both retail customers and tenants.Property will be delivered vacant.

490_RT_46_Kenvil_NJ_DisclosureStatement

490 Route 46 E Floor Plans

PROPERTY FACTS

Price	£485,745	Costar Property Class	B
Price Per Unit	£161,915	Total Plot Size	0.25 ac
Sale Type	Investment or Owner Occupier	Property Size	2,087 sq ft
No. Units	3	No. Floors	2
Property Type	Build-to-Rent	Year Built/Renovated	1925/1999
Property Subtype	Apartment General Retail Shopfront / Office General Retail Shopfront Retail / Residential Office / Residential	Parking Allocation	6.23/1,000 sq ft
Apartment Style	Low-Rise
Use Class	B-2 - Mixed Use; Allows for various commercial and residential uses

Price	£485,745
Price Per Unit	£161,915
Sale Type	Investment or Owner Occupier
No. Units	3
Property Type	Build-to-Rent
Property Subtype	Apartment General Retail Shopfront / Office General Retail Shopfront Retail / Residential Office / Residential
Apartment Style	Low-Rise
Costar Property Class	B
Total Plot Size	0.25 ac
Property Size	2,087 sq ft
No. Floors	2
Year Built/Renovated	1925/1999
Parking Allocation	6.23/1,000 sq ft
Use Class	B-2 - Mixed Use; Allows for various commercial and residential uses