For Multi Family

71 Erie St,Elizabeth City, NJ 07206-1546

September 3, 2025

Turnkey – 2 unit property with a detached one (1) car garage perfectly situated on a corner lot. An ideal opportunity for both investors or owner-occupants looking for hassle-free income. Each unit features, 3 bedrooms and 1 bathroom modern kitchens with stainless steel appliances, renovated bathrooms, and updated flooring. Both units are designed with identical floor plans, offering a consistent layout and flow throughout the property. Close to shopping centers, schools, places of worship and major highways.

Property ID:PT-1371361-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 690,000 $

Bedrooms:6

Year Built:1900

Listing Details

Status: Active

Location

County: Union

Lotsize: 25X75

Lot Identifier: 22

Home Details

Subdivision: Elizabethport

Open Parking: 1

Basement: Yes

Basmnt/Desc: Yes - Bilco-Style Door

Acreage: 0.04

Total Baths: 2.00

Unit Style: 2-Two Story

Number of Units: 2

Rooms: 10

Easement/Desc: Unknown

Exterior Description: Vinyl Siding

Roof Description: Asphalt Shingle

Possesion: Closing

Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 1 Levels: 1

Unit 1 Rooms: 5

Unit 1 Beds: 3

Unit 1 Baths: 1.0

Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 1 Handicap: No

Unit 1 Rent: 2300

Unit 1 Room Description: Bedrooms, Living Room, Living/Dining Room

Unit 1 Security Deposit: 3450

Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 2 Levels: 1

Unit 2 Rooms: 5

Unit 2 Beds: 3

Unit 2 Baths: 1.0

Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 2 Handicap: No

Unit 2 Rent: 1800

Unit 2 Room Description: Bedrooms, Kitchen, Living/Dining Room

Unit 2 Security Deposit: 1800

Color of Building: Tan

Garage Description: Detached Garage

Number of Garage Spaces: 1

Block Identifier: 738

County Number: 29

Town Number: 2904

YB/Desc: 1900 - Approximate

Color of Building: Tan

Easement: Unknown

Parking/Driveway Description: 1 Car Width, On-Street Parking

Block Identifier: 738

County Number: 29

Town Number: 2904

Possession: Closing

Taxes, Fees & Assessments

Gross Operating Income: 1282142

Net Operating Income: 3637858

Expense Include: Garbage Collection, Hot & Cold Water

Tax ID For Property: 2904-00738-0000-00022-0000-

Tax Amount: $8,571.00

Tax Year: 2024

Tax Rate: 1.924%

Tax Rate Year: 2024

Land Assessment: $132,800.00

Building Assessment: $312,700.00

Total Assessment: $445,500.00

FHA Age Restricted: No

Utilities

Water Heater: Gas

Heat Source: Electric, Gas-Natural

Heat System: Forced Hot Air

Cool System: Central Air

Water: Public Water

Sewer: Public Sewer

Utilities: Electric, Gas-Natural

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Listing Details

71 Erie St,Elizabeth City, NJ 07206-1546

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