Rose Real Estate is pleased to present a rare opportunity to acquire a fully leased, modern mixed-use property located in the heart of Elizabeth, Union County, New Jersey. Built in 2006, this well-maintained asset comprises six spacious residential apartments and three street-level commercial storefronts, with onsite parking.
Each of the residential units features two bedrooms and two bathrooms, with individual forced hot and cold air systems, and separately metered utilities—offering convenience for tenants and efficiency for ownership. The spacious apartments are currently rented below market value, with no current rent control restrictions in place for this building, providing a clear value-add opportunity through strategic lease adjustments.
The commercial tenants are established, long-term occupants, contributing to the property’s consistent cash flow. Positioned on a corner in a high- density, high-traffic corridor near nationally recognized retailers, this property offers a compelling blend of stable income and long-term appreciation potential.