Wyckoff, NJ | Mixed-Use Investment

258 Everett Avenue

$1,150,000

Three-unit mixed-use property featuring two one-bedroom apartments and commercial office space at the corner of Everett Avenue and Franklin Avenue.

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258 Everett Avenue mixed-use property in Wyckoff New Jersey
Investment Overview

Property Highlights

3 Total Units
$82,200 Projected Annual Gross
$63,590 Estimated Annual NOI
5.53% Projected Cap Rate
Residential Two one-bedroom apartments
Commercial One office unit
Parking Approx. 6+ off-street spaces and garage
Zoning B-1 Central Business District
Investment Analysis

Income & Expenses

Rental Income

Unit Monthly Annual
1st Floor Apartment $2,350 $28,200
2nd Floor Apartment $2,100 $25,200
Commercial Office* $2,400 $28,800
Projected Gross $6,850 $82,200

Estimated Annual Expenses

Expense Annual
Property Taxes$12,502
Insurance$5,004
Water$396
Fire/Smoke Alarm$708
Total$18,610
Estimated Annual Net Operating Income $63,590

*Commercial office income is based on estimated market rent. Projected gross income, NOI and cap rate are not guaranteed. Figures reflect supplied information and may exclude vacancies, maintenance, reserves, management and other ownership costs. Buyers should independently verify all figures.

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Location

Prominent Wyckoff Corner Location

Located at Everett Avenue and Franklin Avenue, the property combines residential rental potential with commercial visibility and convenient on-site parking.

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B-1 Business District

Commercial & Redevelopment Potential

B-1 zoning provides for various retail, professional office and service uses, subject to applicable municipal approvals.

View B-1 Permitted Uses (PDF)

Architectural & Engineering Plans Available

Architect- and engineer-prepared plans outline proposed renovations featuring:

  • Commercial space occupying the entire first floor
  • Two residential apartments above
  • Expanded on-site parking
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Proposed renovations are subject to municipal review and approvals. Buyers should verify permitted uses, zoning and property-specific requirements with the Township of Wyckoff.

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Interested in 258 Everett Avenue?

Contact Cheryl for property information, financial details, renovation plans or a private showing.

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Cheryl Crocitto, REALTOR®
RE/MAX Properties | Saddle River, NJ
201-341-5770