117 W MERCHANT ST Audubon, NJ 08106

LOW TAXES, Low Maintenance and Very well Maintained INVESTMENT Opportunity! This fully rented multi-use triplex is located in the heart of Audubon on bustling Merchant Street the building benefits from being in the center of a collection of thriving businesses with plenty of street AND public parking lot parking! The first floor beautiful fully rehabbed retail shop is a popular established barber shop with a lease in place through June, 2024. This unit has full access to the full dry basement. Behind the shop with a separate rear entry is a main level studio apartment with a long term renter (who would like to stay) and is currently on a month to month lease. On the second level also with a separate entry is a 2 bedroom updated apartment with hardwood flooring, generous size rooms, light and bright with tons of natural sunlight with a washer and dryer. and a lease ending January 31, 2022. Out back there is a double driveway able to accommodate at least 4 cars. Annual rent brings $31,920 but could be much more. Convenient downtown location close to restaurants, brewery's, transportation, major highways, bridges and airport. Philly is just 7 minutes away! Monthly RENTS: Retail $800 - June 30 2024; Studio $585 month to month; 2 bedroom upper $1275 Jan 31, 2022. Roof, Hot Water Heater & driveway 4 years young. Upgraded electric - NO knob & tube.