15 Lakeview PL, Verona, NJ 07044
15 Lakeview PL, Verona, NJ 07044
15 Lakeview PL, Verona, NJ 07044
Listed by Christopher Hill Century 21 The Crossing
Bought with Pierce Conway Compass New Jersey, LLC-Montclair
$990,000
Est. payment /mo
$1,050,000
5.7%
Est.Price: ?

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5 Beds
3 Baths
SOLD DATE : 06/22/2026

Key Details

Sold Price $990,000

Property Type Multi-Family

Sub Type 3 Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 26009151

Sold Date 06/22/26

Style 3 Family

Bedrooms 5

Full Baths 3

Property Sub-Type 3 Family

Property Description

Turnkey, income-producing 3-unit property delivering top-of-market rents in one of Essex County's most sought-after communities. 15 Lakeview Place has been fully renovated interior (2021), offering an investor a modernized asset with strong current cash flow and minimal near-term capital requirements.All three units are leased through July 31, 2026, generating a combined $6,559/month ($78,708 annually). Unit mix consists of two 2-bedroom/1-bath apartments and one 1-bedroom/1-bath with rents already at or near market, this is a true stabilized asset ready to perform from day one. Each unit is separately metered with tenants covering their own utilities, keeping operating costs predictable and landlord exposure low. Assigned driveway parking per unit and in-basement laundry round out a tenant-friendly package that supports strong retention.With all leases rolling simultaneously in July 2026, the next owner steps in with a clean, stabilized income stream today and a straightforward path to renewing at market or re-tenanting from a position of strength.Verona continues to command premium rental demand thanks to its top-rated schools, walkable downtown, and direct NYC transit access making 15 Lakeview Place an ideal long-term hold in a high-barrier-to-entry market.

Location

State NJ

County Essex

Interior

Laundry Basement

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Patrice Penda

Patrice Penda

+1(201) 907-2791

REALTOR® | License ID: 2187041

REALTOR® License ID: 2187041

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