55 Liberty Street Little Ferry, NJ 07643

Great income producing investment opportunity for this standalone commercial mix use property located on a busy street in Little Ferry NJ. Lot size is approximately 51x71 with 5+ Parking spots including a secluded fenced off backyard lot. Top level features a 3 Bed 1 Bath spacious layout. Ground lev...el entirety is currently being occupied by a successful hair salon business. Previously the ground level contained a 1 bed 1 bath residential + Retail space. Can be reverted back to 3 bed 1 bath on 2nd floor and 1 bed 1 bath / + Retail space on Ground floor. Property will be delivered vacant. Potential rent roll for 3 bed 1 bath $2,200 + $3000 Retail Space (1,120 sq ft) + Additional 800 sq ft terrace. Net Operating Income: $51,200 /$750,000 = Cap Rate 6.82% Seller currently has mortgage at 3% which is assumable and transferable to potential buyer. Come see this income producing property today! Continue reading