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Key Details
Sold Price $250,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 2009225
Sold Date 04/13/20
Originating Board CJMLS API
Year Built 1940
Annual Tax Amount $7,108
Tax Year 2018
Lot Size 1,873 Sqft
Acres 0.043
Lot Dimensions 25 x 75
Property Description
4 total units. Here is the perfect opportunity for a Cash Investor, two properties in one. 141 Madison Avenue is the address of the property but includes 175-177 Patterson Street. Main building has two apartments, one studio, and a separate building that is being used as a Restaurant. 4 total units. The 3 apartments are vacant and restaurant pays $1,850 per month. The Property is being sold As Is This is strictly only a Cash deal and buyer is responsible for all city permits and Certificate of Occupancy along with any repairs. The foundation might have structural issues in the foundation. All buyers must do their own due diligence. Property is being managed by a Administrator of Estate who does not have much knowledge on condition of property. 1st floor has a 2 bedroom apartments and a studio in the rear. 2nd floor has a three bedroom apartments. And also the building in the rear which houses a Restaurant. Restaurant has a month to month tenant.
Location
State NJ
County Middlesex
Zoning R-25
Interior
Heating See Remarks
Cooling Wall Unit(s)
Flooring Vinyl-Linoleum
Heat Source Natural Gas
Exterior
Utilities Available See Remarks
Roof Type Composition
Building
Lot Description Corner Lot, Residential Area
Story 2
Sewer Public Sewer
Water Public
Others
Senior Community no
Tax ID 1600018000000036
Energy Description Natural Gas
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Lucas Wolf
Broker of Record/Owner | License ID: 0903676
Broker of Record/Owner License ID: 0903676