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$ 380,000
Est. payment | /mo
3 Beds
6 Baths
$ 380,000
Est. payment | /mo
3 Beds
6 Baths
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Municipality Belleville (BVL)
Subdivision Union Courts
MLS Listing ID 22518968
Style Colonial
Bedrooms 3
Full Baths 3
Half Baths 3
HOA Y/N No
Property Sub-Type Single Family Residence
Source MOREMLS (Monmouth Ocean Regional REALTORS®)
Property Description
Investor Special '' Dual Approved Project with Major Upside in BellevilleWelcome to 305 Union Ave, where your next profitable project is already in motion. The property is currently under renovation as a modern single-family home with 3 bedrooms, each with walk-in closets, 3 full bathrooms, a large finished attic, and a high-ceiling basement. Major work is underway with approved construction permits. The home was demoed down to the foundation with three standing walls to preserve its renovation classification. This property also includes approved site plans for a new mixed-use building with:Two large one-bedroom apartments approximately 1240 and 1066 square feetOne two-bedroom apartment approximately 1115 square feetTwo retail storefronts approximately 478 and 402 square feet, which can be combinedIndoor garage with space for 5 cars including EV chargingShared office and lounge space approximately 813 square feetThe lot wraps around the corner with access from both Union Ave and Joralemon St and sits in a mixed-use zone close to shopping, transit, and development. Whether you move forward with the single-family renovation or build the approved mixed-use concept, this property offers multiple profitable exit strategies.
Location
State NJ
County Essex
Area None
Direction Property has access from Union ave and Joralemon st
Rooms
Basement Other
Interior
Heating Other
Cooling Other
Fireplace No
Exterior
Exterior Feature Other
Parking Features Driveway
Garage Spaces 4.0
Roof Type Shingle
Garage No
Private Pool No
Building
Sewer Public Sewer
Architectural Style Colonial
Structure Type Other
Others
Senior Community No
Tax ID 01 06203-0000-00016
Listed by RE/MAX Homeland Realtors