25 Franklin StBelleville, NJ 07109

Off Market Mixed Use Income Property

Rare opportunity to own a versatile mixed use building in the Silver Lake section of Belleville. This property combines two residential apartments with two long term commercial tenants - a commercial bakery and an auto repair shop - creating a stable, diversified income stream. Perfect for investors seeking reliable returns or owner occupants looking to live and earn in one location.

2 residential apartments: 2nd Floor - 2 beds, 1 bath & 3rd Floor – 3 beds, 1 bath 1 bakery 1 auto repair shop

Annual gross rent (2025): $69,480 Annual expenses (utilities, taxes, maintenance): $36,209 Net operating income (NOI): $33,271 Cap Rate: 3.2%

Stable tenancy:

• Both commercial tenants are long-standing and have and excellent payment history
• Residential units have been consistently occupied for several years by the same tenants
• All 4 are month-to-month

Utilities:

• Each commercial unit has separate utilities, except water
• Each apartment has own electric

Residential Units: While currently functional with good layouts, the units offer update potential, ideal for buyers who want to modernize and increase rental value. Priced to allow for buyer updates.

Commercial Spaces: Bakery: Rented by a wholesale bakery. Storefront not currently opened Auto repair shop: Established business; tenant has occupied for 40+ years

Ideally, all tenants would remain in-place with next owner.

Investment Appeal: Diversified income: Residential + commercial mix reduces vacancy risk Prime location: Easy access to transit to NYC, major highways and Belleville’s business corridor Value add potential: Apartment renovations could raise rents

Contact For monthly rent breakdown, expense sheets, or to schedule a showing, call Joe @ 973.727.4282. Calls only. No texts. If no response via phone in 24 hours, please email [email protected]