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220 Hoover Avenue, Bloomfield, NJ 07003

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For Sale

$850,000

Estimated Payment

$      /mo. †

APR for 30 years

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  • Mixed Use
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Explore this Property

Stately brick multi-use building in the heart of Bloomfield's Brookside section. The first floor & basement houses a cafe, which has been completely renovated within the past few years with new appliances, included in the sale. The cafe is equipped with two lavatories, dishwashing bays, walk-in fridge/freezer, display cases, and security. There is 10 parking spaces for cafe guests and 2nd floor tenants. The 2nd floor renovated apartment has 3 bedrooms, kitchen, living room and bath. All CO/Permits are in place for 2023. (Annual Net Income $45,040, Expenses Water $560, Taxes $13,000, Heat/Electric $4000, Landscaping $2400, Vacancy Allowance $7,000) Great opportunity for investors and restaurateurs. Stats based on owner occupying cafe.
MLS# 23026169

Courtesy Of Better Homes and Gardens Real Estate Coccia Realty

(201) 997-7000

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Directions to 220 Hoover Avenue, Bloomfield, NJ 07003

Home seller CENTURY 21 Gemini LLC

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Gemini LLC

(973) 744-2700
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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