107 Washington Ave, Little Ferry, NJ 07643

This exceptional mixed-use property is situated in a prime, high-visibility location in Little Ferry, New Jersey. The property is designed to offer a combination of stable income generation and strong commercial exposure, with potential for long-term appreciation. The ground-floor retail space is currently occupied by an established Korean fried chicken business, which contributes a consistent rental income of $3,300 per month. This arrangement provides immediate and reliable cash flow for the owner.

The second floor of the property features a recently renovated residential unit. This living space comprises three bedrooms and two bathrooms, offering modern amenities and comfortable living. The residential unit is currently leased and generating rental income of $2,900 per month. With both the commercial and residential units fully occupied, the property presents a low-maintenance investment opportunity with manageable property taxes, making it an attractive asset for investors seeking consistent financial returns.

Notable features of this property include a private parking lot, which serves both tenants and customers, enhancing convenience and accessibility. The building benefits from excellent street presence and experiences substantial daily vehicle traffic, which is advantageous for the visibility and success of the retail business. The property's location in Bergen County provides strategic advantages, with convenient access to major highways, local businesses, and commuter routes, further solidifying its appeal as a valuable investment.

This property represents a rare opportunity to acquire a strong income-producing asset in a thriving area. The combination of a well-established retail tenant and a recently updated residential unit, coupled with its strategic location and practical amenities like dedicated parking, positions this property as a compelling investment for those looking to capitalize on the Little Ferry market. The mixed-use nature of the building allows for diversified income streams and broad market appeal.