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569 Morton Ave 6,000 SF 100% Leased Retail Building Rosenhayn, NJ 08352 $727,542 CAD ($121.26 CAD/SF) 8.30% Cap Rate
Investment Highlights
- Fully occupied
- Septic is newer
- Some upgrades
Executive Summary
Price Improved Mixed-use property: Includes a 2,000 sq. ft. commercial storefront and four residential apartments (3 two-bedroom, 1 three-bedroom).
Revenue potential: Multiple streams of income from residential and commercial tenants.
Upgrades: Electric panels, hot water heaters, and HVAC system for the storefront have been modernized.
Utilities: Separate meters for all units, so tenants cover their own utilities—lowering landlord expenses.
Convenience: Fantastic location with easy access to RT 55, offering high visibility and accessibility.
Flexibility: Three tenants are on month-to-month leases, giving options for rent adjustments or new arrangements.
Updated systems: Modern septic and well systems ensure fewer maintenance headaches.
This could be ideal for an investor or owner-operator seeking passive income with minimal overhead due to the updates and tenant responsibility for utilities.
Revenue potential: Multiple streams of income from residential and commercial tenants.
Upgrades: Electric panels, hot water heaters, and HVAC system for the storefront have been modernized.
Utilities: Separate meters for all units, so tenants cover their own utilities—lowering landlord expenses.
Convenience: Fantastic location with easy access to RT 55, offering high visibility and accessibility.
Flexibility: Three tenants are on month-to-month leases, giving options for rent adjustments or new arrangements.
Updated systems: Modern septic and well systems ensure fewer maintenance headaches.
This could be ideal for an investor or owner-operator seeking passive income with minimal overhead due to the updates and tenant responsibility for utilities.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$82,379
|
$13.73
|
| Taxes |
-
|
-
|
| Operating Expenses |
$61,784
|
$10.30
|
| Total Expenses |
$61,784
|
$10.30
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $82,379 |
| Annual Per SF | $13.73 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $61,784 |
| Annual Per SF | $10.30 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $61,784 |
| Annual Per SF | $10.30 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,000 SF
Building Class
C
Year Built
1923
Price
$727,542 CAD
Price Per SF
$121.26 CAD
Cap Rate
8.30%
NOI
$60,411 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.20
Lot Size
0.69 AC
Zoning
Commercial - Zoned Commercial multi uses
Approximately 2000 sq ft corner retail/office store plus 4 residential apartments. Great opportunity for investors.
Parking
5 Spaces (0.83 Spaces per 1,000 SF Leased)
Frontage
266’ on Morton
Not walkable
10/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 03-00015-0000-00006 | Improvements Assessment | $1,144,791 CAD (2025) |
| Land Assessment | $85,949 CAD (2025) | Total Assessment | $1,230,739 CAD (2025) |
Property Taxes
Parcel Number
03-00015-0000-00006
Land Assessment
$85,949 CAD (2025)
Improvements Assessment
$1,144,791 CAD (2025)
Total Assessment
$1,230,739 CAD (2025)
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