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$ 1,800,000
Est. payment | /mo
6,098 SqFt
$ 1,800,000
Est. payment | /mo
6,098 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,098 sqft
Price per Sqft $295
Subdivision Union Square
MLS Listing ID 4000720
Year Built 1910
Annual Tax Amount $14,476
Tax Year 2024
Property Description
Fully renovated A-Z in 2023, this turnkey six-unit building (just under 5,000 sqft) at 167-169 Smith St features comprehensive structural and systems upgrades completed to code. Full gut renovation includes new framing, plumbing, electrical, roofing, siding, structural reinforcement, a brand-new sewer line, a full French drain system, and increased building height for enhanced interior space. Each of the six units offers a 2-bedroom, 1-bath layout approximately @750 - 1,000+ sqft each, ceiling heights over 8 ft, an intercom system, and two units (1R and 2L) include private street-level entrances. The property is equipped with six individual Navien combination boiler systems one per apartment providing heat and hot water with efficient, tenant-paid utility separation. Building operations are simple, one water meter. Gas baseboard heat, separate gas and electric meters for each unit. Located directly across from a shopping center(s) such as Point Grande Plaza, and is minutes from The Mills at Jersey Gardens, Elizabeth Center, Union Square, Broad St, Morris Avenue, Elmora Avenue, and a nearby cannabis dispensary. Only 2 miles from Newark Airport (EWR), the asset offers exceptional commuter convenience with proximity to major highways, NJ Transit Elizabeth bus routes, and both Elizabeth NJ Transit train stations. Located within a high-demand rental market, Elizabeth, NJ remains one of New Jersey's most active and attractive investment hubs.
Location
State NJ
County Union
Zoning 6 units
Rooms
Basement Full, Unfinished, Walkout
Interior
Heating Gas-Natural
Cooling See Remarks
Flooring Laminate, Tile
Equipment Appliances, Fire Alarm, Intercom, See Remarks, Smoke Detector
Heat Source Gas-Natural
Exterior
Exterior Feature See Remarks
Utilities Available Gas-Natural
Roof Type Flat
Building
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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