402 Bloomfield Ave, Bloomfield Twp., NJ 07003

Property Description

Well-maintained mixed-use investment property in a prime Bloomfield location featuring 9 units ? six residential apartments and three street-level commercial spaces, plus additional income-producing parking. The residential mix includes three one-bedroom and three two-bedroom apartments. The property underwent extensive renovations in 2019, including updates to the roof, siding, exterior stonework, apartments and common areas, as well as windows, doors, kitchens, baths, flooring and baseboard heating. Units are separately metered, with residential tenants responsible for their own heat and electric while the owner provides hot and cold water. Two large-capacity water heaters serve the building. Ideally positioned along the Bloomfield Avenue corridor with convenient access to NYC transportation, shopping, dining and major highways including the Garden State Parkway. A strong mixed-use asset offering established income with additional upside potential.