1030 South Ave, Westfield Town NJ 07090-1489

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.