Presenting very unique opportunity with this mixed-use development at 600 Chestnut Street in the heart of Roselle Park, New Jersey situated directly across from the NJ Transit Roselle Park Station on the (Raritan Valley Line, 2 stops to Newark Penn),This is not merely convenient it is a fundamental value driver for both the residential and commercial components of this property.. This 5-unit portfolio combines residential income with significant commercial build-out upside, making it one of the most strategically positioned investment properties currently available in Union County.This property offers a developer, investor, or owner-occupant the unique ability to create their own vision for the 5 units customizing layouts, finishes, and residential and commercial tenant mix to maximize long-term returns.At full stabilization, this property has the potential to generate $130,000 " $146,400 in gross annual income a compelling return profile for an asset located steps from one of New Jersey Train Stations
600 Chestnut St, Roselle Park Boro NJ 07204-1320
Property City
Roselle Park Boro
Property Price
$1,399,000
Year Built
1920
Tax Annual Amount
$23264
TaxYear (*text)
2025
Roof (*text)
Asphalt Shingle, Flat
Floors No
Concrete, Laminate
Lot Size Area
0.11
MLS Status
Active
MLS #
4036363
Yearly Tax Rate
4.506
Year Built (*numeric)
1920
Basement
Yes
Roofing (*text)
Asphalt Shingle, Flat
Days On Market
0
Basement (*text)
Yes
Cooling (*text)
See Remarks
GarageSpaces
1
Heating
4+ Units
Lot Size Dimensions
5000SF
Data import from
GSMLS