$2,500,000

1030 South Ave, Westfield Town, NJ 07090

  • 7 beds |
  • 4 baths |
  • 9,122 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 2002
  • Property Lot Size Icon10,019sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $274/sqft
  • Property List Date Icon Listed 3 days ago

Property Description

Mixed-use Gem! Exceptional opportunity to live in either the Penthouse apartment, or one of the 2nd floor apartments, while enjoying rental income from 2 apartments and 2 ground-floor commercial units! This well-maintained mixed-use building in prime Westfield location offers strong income potential with both residential and commercial tenants. All leases are up for renewal except one commercial unit which lease ends Feb 2028. The building features two commercial units, two residential units with each 2 bedrm. 1.1 bathr., balcony and in-unit washer & dryer, and a 3-bedroom Penthouse apartment with 2 full bathr. open floorplan, gas fireplace, screened in balcony/porch, grand primary suite and in-unit washer & dryer. All are currently rented well below market value. Total Net Operating Income (NOI) of $186,661 annually, resulting in a 7.47% Cap Rate. (See included financial docs for more details). Units include premium features such as hardwood floors, modern open floor plans, Gym in building, Central AC, Laundry in-unit, handicap accessibility, elevator, dedicated parking. Bus to NYC stops in front of building. Walking distance to schools, NJ Transit & shops. Close to Westfield downtown and the downtown areas of Fanwood and Scotch Plains. Please note that indicated taxes for land assesment and total assesmenton in this listing are for the 3rd floor Penthouse apartment only. This is an "As is" sale, with no known defects. See media for additional docs with financials & info.

Listing Status:
Active
Data Last Updated:
April 5, 2026 at 2:40AM
Listing Office:
ELITE REALTORS OF NEW JERSEY : 973-994-9009
MLS ID:
4018240
  • Kitchen: Center IslandEat-In KitchenSee Remarks
  • Appliances: Carbon Monoxide DetectorDishwasherGenerator-Built-InInstant Hot WaterKitchen Exhaust FanMicrowave OvenRange/Oven-GasRefrigeratorStackable Washer/DryerSump Pump
  • Basement: FinishedFinished-Partially
  • A/C: Central Air
  • Heating: Baseboard - ElectricForced Hot AirGas-Natural
  • Fireplace: Gas FireplaceFireplaces: 1
  • General: Vinyl SidingCurbsSidewalkStorage ShedStorm Door(s)Thermal Windows/DoorsUnderground Lawn Sprinkler
  • Style: Multi Floor UnitSee Remarks
  • Parking: Parking spaces: 10
  • Roofing: Asphalt Shingle
  • HOA Amenities: 0.0Annually
  • County: Union
  • Driveway: AssignedBlacktopParking Lot-Exclusive
  • Zoning: GB-32920-02606-0000-00008-0000-C0005
  • Utilities: All UndergroundElectricGas-Natural
  • Water: Public Water
  • Sewer: Public Sewer

This listing courtesy of ELITE REALTORS OF NEW JERSEY

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

McKinley Elementary School

500 1st St, Westfield, NJ, 07090

Grades 1-5

0.42 miles away

R

Roosevelt Intermediate School

301 Clark St, Westfield, NJ, 07090

Grades 6-8

0.42 miles away

W

Westfield High School

550 Dorian Rd, Westfield, NJ, 07090

Grades 9-12

0.70 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.