231 High St N, Millville, NJ 08332

Property Description

Introducing a remarkable investment opportunity in the heart of downtown Millville – a thriving 5-unit mixed-use building that seamlessly combines commercial and residential spaces. This property is a true gem, featuring a ground-floor BBQ restaurant that adds character to the area and contributes $1,200/month in rent. Upstairs, two apartment units on the second floor generate $850/month and $950/month respectively, while the third floor houses two more units, one currently leased for $800/month and the other offering a blank canvas for new renovations. Residential tenants are responsible for their own utilities, excluding water and sewer, while the commercial tenant covers all utilities. The convenience of separate gas and electric meters ensures efficient billing for all units. Property included a parking lot accommodating up to 4 cars at the rear of the building. Recent upgrades boost the property's value, including a new flat roof installed in 2021, window replacements carried out in stages between 2019 and 2022 (including 27-28 windows), and the installation of awnings over entrances and windows. The commercial unit enjoys upgraded heating and AC systems, with central AC for optimal comfort. With a prime location in the dynamic downtown area, this mixed-use building captures the essence of Millville's vibrancy. It presents an enticing blend of steady income from existing tenants and the potential to further elevate its value by renovating an unoccupied unit. Don't miss this chance to invest in a well-maintained property that perfectly balances commercial success and residential allure, all within the thriving backdrop of downtown Millville's cultural and economic scene.