332 Midland Ave Garfield, NJ 07026

$459,900
332 Midland Ave, Garfield, NJ 07026

Commercial Property for sale in Garfield, NJ

for $459,900. This building was built in 1940.

Property Information

  • $459,900
  • Commercial
  • Taxes are $10,252
  • Apartment
  • Active
  • Built in 1940
  • Garfield, NJ
  • Bergen County
  • MLS/Web ID is 1638191
  • Just Listed

Description

Priced to sell! What a perfect business/home/investment property! Two unit income house & service garage is included in the sale! House offers: unit 1 - one bedroom, LR/DR, Kit, Full bath and unit 2 - two bedrooms, Large EIK, LR, Full Bath, and laundry area. First floor unit fully renovated incl. C/A, sep. utilities, bamboo floors thru out, new furnace, electric, water heater, siding, windows, and more! Second floor unit is updated with new hardwood floors & carpet. Car service station w/2 garages, 1 lift, Central/Hot Air, office; can be converted to a restaurant, deli, Located on a travel road / a perfect opportunity to start your own business! This is a great investment property - rental income is at $4, 200 but potentially at $4, 500. Breakdown: unit 1 $900/Mo (longterm tenant), unit 2 $1300/Mo - both under market value. Service garage rents for $2, 000/Mo- owner currently occupies but will consider renting back from buyer. Approximately 8% cap rate

Interior 4

Cooling System

  • Air Conditioning

Sewer

  • Sewer

Utilities

  • Gas

Water Source

  • Municipal

Exterior 1

Roof

  • Asphalt Roof
  • Flat Roof

† Excluded Feature

Listed By

Listing Agent: Rania Naporlee
Broker: Weichert Realtors
Office: Wayne NJ

332 Midland Ave, Garfield, NJ, 07026 is a Commercial Property for sale at $459,900. 332 Midland Ave was built in 1940. The property's zip code is 07026 which is in Garfield, NJ

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Market Pricing

Average % of sale price Median % of sale price
All listings in Garfield $386,348 16 % below $364,000 21 % below
Commerical listings in Garfield $495,094 8 % above $444,450 3 % below

Get the facts about Garfield, NJ!

Population 30,879
Population Growth (since 2000) 4 %
Median Income $52,287
Median Age 34.73
Households w/ Children 36 %

Residential Dwellings

  • Owned 4186
  • Vacant 672
  • Rented 6983

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