EXCELLENT INVESTOR OPPORTUNITY in a great location in Oaklyn! Neighboring establishments include Tonewood Brewery, Common Grounds Coffee House, various eateries, and many others! This mixed-use Building has approx. 1700 sq. ft of rentable space, plus a Basement. It consists of 1st Floor Commercial space (which has been leased by a Hair Salon since 2011); and a Residential 2 Bedroom Apartment on the 2nd Floor currently leased thru June 30, 2022. The property also consists of a double-size Storage Garage in the back and TWO Parking Spaces. An Alleyway off Manor Ave. provides vehicle or pedestrian access to the rear of the Building. Nearby public parking lots are also a plus! The Roof was replaced in 2020. There are separate Heaters for each unit. A mini-split system for the Heating and Cooling to the 1st Floor Salon was installed in 2021. The 2nd Floor Apartment utilizes the Gas Heater in the Basement. Both units are metered separately for Electric and Gas any pay their own PSE&G bills. Both Tenants have front and rear entrances to their units. The 2nd Floor Tenant utilizes both rear Parking Spaces. The 1st Floor Commercial space is leased by a Hair Salon thru 6/30/23 and has been a Tenant since 2011. The Salon's current rent is $1,375.00/mo. The Salon pays own Heat, Gas and Electric. The Seller has allowed the Salon to use some of the Basement for storage. The 2nd Floor is a 2 Bedroom/1 Bath Residential Apartment. The current lease is thru 6/30/22 at $1,365.00/mo. The photos reflected were taken prior to the Tenant's occupancy. The Lease includes use of the rear detached Garage. The Tenant pays own Heat, Gas and Electric. The apartment has wood laminate flooring thru most of the unit. The Master Bedroom has a walk-in closet. The 2nd Bedroom has a Skylight. An elevated deck off the Kitchen has stairs down to ground level. The apartment has its own Washer & Dryer for Tenant's use. Any window A/C units belong to the Tenant. The Seller has consistently had success over the years in the ease of re-renting the apartment when it becomes available. The Water and Sewer is single metered. The Landlord pays the Water and Sewer for both units. The sale of the Building is subject to the current Leases in place. The Salon Business and any/all equipment for the Salon is owned by the Salon and is NOT included in the sale.
