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$849,000
Est. payment /mo
8 Beds
4 Baths
4,356 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3993614
Style Fourplex
Bedrooms 8
Full Baths 4
Year Built 1924
Annual Tax Amount $11,083
Tax Year 2024
Lot Size 4,356 Sqft
Property Description
Maximize your portfolio with this exceptionally maintained fourplex?an ideal opportunity for immediate, strong returns in a high-demand rental market. Strategically updated and fully leased, this property is move-in ready and designed for minimal management hassle. Projected Gross Monthly Income: $8,500. Enjoy consistent rental demand and low vacancy risk thanks to its prime, commuter-friendly location. Effortless Management: Each unit has separate utilities, reducing landlord expenses and ensuring predictable net income. Additional Income Potential: The property includes a rare five-car detached garage. Two spaces are currently rented; the remaining three can generate up to $1,250/month extra income, instantly boosting your cap rate. Diverse Unit Mix: Offers 1, 2, and 3-bedroom layouts, including two duplex-style units that command premium rents and attract a broad tenant base. Turnkey Condition: Recently painted and updated interiors mean no immediate capital outlay?start earning from day one. Located minutes from Route 22, major employment centers, parks, and the town pool, this property combines stability, accessibility, and growth potential?perfect for investors seeking reliable cash flow with upside.Are you interested in viewing the current rent roll and expense reports for a detailed cash flow analysis?
Location
State NJ
County Union
Zoning Residential
Interior
Interior Features Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
Heating Gas-Natural
Cooling None, WindowAC
Heat Source Gas-Natural
Exterior
Exterior Feature Stucco
Parking Features Detached Garage
Garage Spaces 5.0
Utilities Available Gas-Natural
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Sewer Public Sewer
Water Public Water
Architectural Style Fourplex
Others
Senior Community No
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