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165 Washington Ave, Elizabeth, NJ 07202
$679,000
165 Washington Ave, Elizabeth, NJ 07202View this property at 165 Washington Ave, Elizabeth, NJ 07202
165 Washington AveElizabethNJ07202
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Property Description
Discover a unique investment opportunity in the heart of Elizabeth, located in the bustling Washington section. This all-brick, mixed-use building is perfectly positioned on a main street, featuring three units, two of which are currently operational. The ground floor hosts a commercial store, generating a monthly rental of $3,400. Above, find a spacious three-bedroom apartment with a full bathroom, upgraded vinyl flooring, and an eat-in kitchen that opens to a bright and airy living space complete with a porch/patio. This unit is ideal for both comfort and convenience, situated just blocks from the Broad Street shopping district and Elizabeth High School. The rear of the building offers an additional 1500-2000 sqft of space, ready to be transformed into another three-bedroom apartment, complete with separate electric and gas meters. With on-street parking and proximity to key amenities, this property promises significant income potential and is a lucrative investment for the savvy buyer.
Full Property Details
Full Property Details for 165 Washington Ave
General
- Price: $679,000
- Taxes: $12,384 (2023)
- Status: Active
- Type: Commercial
- MLS ID: 3898356
- Updated: 4/26/2024
- Added to Site: 52 day(s) ago
Business
- Includes: Building Only
Rental Information
- Lease Includes: Building Maintenance, Common Area Maint, Janitor Services, Sewer, Taxes, Trash Removal, Water
Interior
- Flooring: Laminate
Rooms
Bathrooms
- Total Bathrooms: 4
- Restrooms: 4
Additional Information
- Equipment: Restrooms - Private, Smoke Detector, Storage Area(s)
Exterior
- Color: Red
Parking
- Parking: On-Street Parking
Location
- County: Union
- Subdivision: Washington
- Driving Directions: South Street to Washington right next door to Pizzeria on the corner.
- Location Details: Business District
Heating & Cooling
- Cooling Type: 1 Unit, Central Air Conditioning
- Heating Type: 2 Units, Electric Baseboard, Forced Hot Air
- Heating Fuel: Electric, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Natural Gas, Cable TV Available, Garbage Included
Structural Information
- Construction: Brick/Block
- Exterior Const.: Brick/Block
- Basement: Yes
- Basement Desc.: Partial, Unfinished
- Roof: Flat
- Loading: None
- Stories in Building: 2
- Year Built: 1910
Unit Information
- 1 Bedroom Units: 3
Lot Features
- Lot Size (Acres): 0.08
- Lot Size: 33X100
- Permitted Use: Mixed Use
- Zoning: Commercial
- Lot Description: Level Lot
Financial Considerations
- Expenses: Insurance, Maintenance - Exterior, Maintenance - Interior, Snow Removal, Taxes, Water/Sewer
- Assessment Amount: $40,500
- Land Assmt: $10,200
- Tax Amount: $12,384
- Tax Year: 2023
- Owner Pays: Maintenance-Common Area, Sewer, Snow Removal, Trash Removal, Water
- Tenant Pays: Electric, Gas, Heat, Hot Water
- Pays Utilities: Tenant
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: Leases
- APN: 2904-00424-0000-00005-0000-
- Block: 424
- Lot Number: 5
Listed by Brookman Realty
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Schools
Schools serving 165 Washington Ave
School District:Elizabeth Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
300 S Broad St, Elizabeth, NJ 07202 | K-8 | 0.2 mi | |
447 Richmond St, Elizabeth, NJ 07202 | 9-12 | 0.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 165 Washington Ave
Date
Details
Price
Change
Source
4/25/2024
Listed
$679,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 165 Washington Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$12,384
4%
$40,500
—
2020
$11,855
3%
$40,500
—
2018
$11,560
3%
$40,500
—
2017
$11,238
—
$40,500
—
2016
$11,238
6%
$40,500
—
2015
$10,570
-9%
$40,500
—
2019
$11,674
21%
$40,500
—
2013
$9,679
—
$40,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 165 Washington Ave
165 Washington Ave, Elizabeth, NJ 07202 (MLS# 3898356) is a Commercial property. 165 Washington Ave is currently listed for $679,000 and was received on April 25, 2024. Want to learn more about 165 Washington Ave? Do you have questions about finding other Commercial real estate for sale in Elizabeth? You can browse all Elizabeth real estate or contact a Coldwell Banker agent to request more information.