967 Stuyvesant Ave, Union Twp., Union 07083-6909

Exceptional investment opportunity! This mixed-use property offers strong income potential with both residential and commercial tenants. The building features four 2-bedroom apartments currently rented below market at $4, 900/month, with the ability to increase to approximately $8, 000/month at market rents. The commercial portion includes a storefront ($2, 500/month), a bar/restaurant leased at $4, 500/month under a 5-year lease (plus an additional $2, 000/year collected for property taxes, with separate utilities), and a Verizon antenna lease generating $11, 000/year. Total current monthly income is approximately $12, 816, with the potential to reach $19, 500, translating to a Gross Operating Income (GOI) $153, 792 annually. Estimated expenses include taxes ($18, 177-$25, 177), insurance ($12, 695), and water ($1, 500/year). The Net Operating Income (NOI) is currently estimated at $121, 420.