Rutherford, NJ, 07070 | $399,000

Incredible opportunity to acquire a free-standing, single-story commercial property situated in downtown Rutherford. Conveniently positioned along the NJ Transit Bus Line and in close proximity to Bergen and Port Jervis commuter rail. This property is being sold as-is. Well-kept and ready for immediate occupancy, this property boasts a well-maintained main floor with a rear yard entrance, a fenced backyard, and a generous basement for storage, complemented by a newly installed hot water heater and sump pump in 2024. This property offers versatility for various uses including retail, professional offices, and more. Possible potential for expansion and additional uses with variance. Buyer to do their own due diligence for all expansion and usage opportunities. Explore the multitude of possibilities this prime location presents! 3d Tour & Floor Plan - https: //listings. incustudio. com/342-Union-Ave-Rutherford-NJ-07070-USA

Features

  • Current Use: Retail
  • Utilities: Sep Elec,Sep Gas,Sep Heat,Sep Water
  • Heating/Cooling: Central Air,Gas,Hot Air
  • Est. Taxes: $5,938
  • MLS#: 24003862
  • Days on Market: 92 days
  • Website: https://www.raveis.com
    /prop/24003862/342unionavenue_rutherford_nj?source=qrflyer
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Listing courtesy of Blueline Realty Group LLC

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Rutherford, NJ, 07070

$399,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $319,200 $319,200 $319,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.990% 6.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.893% 7.171% 6.623%
Monthly Tax Payment $495 $495 $495
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,151 $2,122 $2,759
Total Monthly Payment $2,721 $2,692 $3,329

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.