Company Logo
SIGN UP LOGIN
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo
1030 South Ave, Westfield, NJ 07090 Photo

50 Total Photos [Click to View All]

1030 South Ave Westfield, NJ 07090
$2,500,000
Active / MLS# 4018240 / Residential - Single Family / Westfield
7 Beds
4 Baths
5 Half Baths
9122 SqFt

Mixed-use Gem! Exceptional opportunity to live in either the Penthouse apartment, or one of the 2nd floor apartments, while enjoying rental income from 2 apartments and 2 ground-floor commercial units! This well-maintained mixed-use building in prime Westfield location offers strong income potential with both residential and commercial tenants. All leases are up for renewal except one commercial unit which lease ends Feb 2028. The building features two commercial units, two residential units with each 2 bedrm. 1.1 bathr., balcony and in-unit washer & dryer, and a 3-bedroom Penthouse apartment with 2 full bathr. open floorplan, gas fireplace, screened in balcony/porch, grand primary suite and in-unit washer & dryer. All are currently rented well below market value. Total Net Operating Income (NOI) of $186,661 annually, resulting in a 7.47% Cap Rate. (See included financial docs for more details). Units include premium features such as hardwood floors, modern open floor plans, Gym in building, Central AC, Laundry in-unit, handicap accessibility, elevator, dedicated parking. Bus to NYC stops in front of building. Walking distance to schools, NJ Transit & shops. Close to Westfield downtown and the downtown areas of Fanwood and Scotch Plains. Please note that indicated taxes for land assesment and total assesmenton in this listing are for the 3rd floor Penthouse apartment only. This is an "As is" sale, with no known defects. See media for additional docs with financials & info.

Read More » Read Less »

Mortgage Calculator

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Estimated Payment

$ 14,294.53 per month $12,641.36 Principal & Interest $924.00 Property Tax $729.17 Homeowner's Insurance

Property Details

Property Type: Residential - Single Family
Basement: Finished, Finished-Partially
Basement: Yes
Cooling: Central Air
Fuel Type: Gas-Natural
Heating: Baseboard - Electric, Forced Hot Air
Home Style: Multi Floor Unit, See Remarks
Lot Size: 0.23 Acres
Roof Type: Asphalt Shingle
Taxes: $11,088
Year Built: 2002

Amenities

Curbs
Sidewalk
Storage Shed
Storm Door(s)
Thermal Windows/Doors
Underground Lawn Sprinkler

Feature Descriptions

Appliances: Carbon Monoxide Detector, Dishwasher, Generator-Built-In, Instant Hot Water, Kitchen Exhaust Fan, Microwave Oven, Range/Oven-Gas, Refrigerator, Stackable Washer/Dryer, Sump Pump
Days on Site: 1
Driveway: Assigned, Blacktop, Parking Lot-Exclusive
Exterior: Vinyl Siding
Fireplace: Gas Fireplace
Lot: Level Lot
Lot Dimensions: 0.23 acre(s)
Outbuilding(s): Yes
Sewer: Public Sewer
Utilities: All Underground, Electric, Gas-Natural
Water: Public Water

Listed By / Shown By

Listed By

Agency Name: ELITE REALTORS OF NEW JERSEY
Agency Contact: 973-796-6156

Shown By

Agency Title: Hallmark Realtors
Agency Phone: (732) 574-9400

IDX logo

Login to My Homefinder

Pixel