06/17/2023
| (201) 218-3254!
Mixed-Use Just-Listed 527-531 Kennedy Blvd, Bayonne, NJ 07002.
Advertising remarks:
Renovated Mixed-Use Income-generating property in a desirable, high-traffic Bayonne location. 527-531 Kennedy Blvd is a 3-unit with commercial space offering a 7.1% net cap rate. The 7.1% cap rate indicates the potential return on investment for the property, including expenses. This figure represents the net operating income (NOI) divided by the property's value. A higher cap rate generally implies a higher potential return. Separate utilities on second flr units combine on the 1st flr and with a full, clean walk-out basement and yard. With three units and commercial space, it offers multiple streams of income. This is advantageous as they allow for easier management and individual tenant responsibility. The inclusion of a full, clean walk-out basement and yard further adds value to the property. The desirable, high-traffic Bayonne location is also advantageous for attracting tenants and customers to the commercial space. A prime location with a high volume of foot traffic can contribute to the success of businesses operating within the property. Overall, the property appears to offer a good opportunity for generating income, especially with its renovation, separate utilities, basement, and yard. However, it's essential to consider other factors such as property maintenance costs, tenant turnover, market conditions, and potential risks associated with property ownership before making a final decision. Conducting a thorough financial analysis and due diligence is crucial to ensure the property aligns with your investment goals and risk tolerance.
For sale This is a 4 bedroom, 5.0 bathroom, multi family home. It is located at 527-531 Kennedy Blvd Bayonne, New Jersey.
