1030 South Ave
Westfield Town, NJ 07090
Price: $2,500,000
GSMLS: 4018240Type: Single Family
Style: Multi Floor Unit
Beds: 7
Baths: 4 Full & 5 Half
Garage: No
Year Built: 2002
Acres: 0.23
Property Tax: $11,088
Description
Mixed-use Gem! Exceptional opportunity to live in either the Penthouse apartment, or one of the 2nd floor apartments, while enjoying rental income from 2 apartments and 2 ground-floor commercial units! This well-maintained mixed-use building in prime Westfield location offers strong income potential with both residential and commercial tenants. All leases are up for renewal except one commercial unit which lease ends Feb 2028. The building features two commercial units, two residential units with each 2 bedrm. 1.1 bathr., balcony and in-unit washer & dryer, and a 3-bedroom Penthouse apartment with 2 full bathr. open floorplan, gas fireplace, screened in balcony/porch, grand primary suite and in-unit washer & dryer. All are currently rented well below market value. Total Net Operating Income (NOI) of $186,661 annually, resulting in a 7.47% Cap Rate. (See included financial docs for more details). Units include premium features such as hardwood floors, modern open floor plans, Gym in building, Central AC, Laundry in-unit, handicap accessibility, elevator, dedicated parking. Bus to NYC stops in front of building. Walking distance to schools, NJ Transit & shops. Close to Westfield downtown and the downtown areas of Fanwood and Scotch Plains. Please note that indicated taxes for land assesment and total assesmenton in this listing are for the 3rd floor Penthouse apartment only. For complete info on all units combined see media for additional docs regarding financials & info.
Rooms Sizes
Kitchen:
n/a
Dining Room:
n/a
Living Room:
n/a
Family Room:
n/a
Den:
n/a
Bedroom 1:
n/a
Bedroom 2:
n/a
Bedroom 3:
n/a
Bedroom 4:
n/a
Room Levels
Basement:
n/a
Ground:
n/a
Level 1:
n/a
Level 2:
n/a
Level 3:
n/a
Level Other:
n/a
Room Features
Kitchen:
Center Island, Eat-In Kitchen, See Remarks
Dining Room:
n/a
Master Bedroom:
n/a
Bath:
n/a
Interior Features
Square Foot:
9,122
Year Renovated:
n/a
Basement:
Yes - Finished, Finished-Partially
Full Baths:
4
Half Baths:
5
Appliances:
Carbon Monoxide Detector, Dishwasher, Generator-Built-In, Instant Hot Water, Kitchen Exhaust Fan, Microwave Oven, Range/Oven-Gas, Refrigerator, Stackable Washer/Dryer, Sump Pump
Flooring:
n/a
Fireplaces:
1
Fireplace:
Gas Fireplace
Interior:
n/a
Exterior Features
Garage Space:
No
Garage:
n/a
Driveway:
Assigned, Blacktop, Parking Lot-Exclusive
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Swimming Pool:
No
Pool:
n/a
Utilities
Heating System:
Baseboard - Electric, Forced Hot Air
Heating Source:
Gas-Natural
Cooling:
Central Air
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Services:
n/a
Lot Features
Acres:
0.23
Lot Dimensions:
50X200
Lot Features:
Level Lot
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Union
Town:
Westfield Town
Neighborhood:
Olympus Court LLC
Application Fee:
n/a
Association Fee:
n/a
Fee Includes:
n/a
Amenities:
n/a
Pets:
Yes
Financial Considerations
List Price:
$2,500,000
Tax Amount:
$11,088
Land Assessment:
$220,000
Build. Assessment:
$263,800
Total Assessment:
$483,800
Tax Rate:
2.29
Tax Year:
2025
Ownership Type:
Fee Simple
Listing Information
MLS ID:
4018240
List Date:
04-02-2026
Days On Market:
0
Listing Broker:
ELITE REALTORS OF NEW JERSEY
Listing Agent:
Pamela Vandenberg-smith
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MorrisCountyLiving.com
