$499,900
2-Unit Multi-Family with Strong Cash Flow & Upside Potential. This income-producing 2-family property offers immediate rental income with additional upside in a convenient location. The building includes three separate units: a 3-bedroom, 1-bath first-floor unit, a 2-bedroom, 1-bath second-floor unit, and a finished 2-bedroom, 1-bath basement apartment ideal for maximizing… Read More rental potential. Current rents include $1,900/month for the first floor and $1,300/month for the second floor, with the second unit occupied by a long-term tenant and presenting clear below-market upside (projected $1,600+). The basement unit adds further income potential, making this a strong opportunity for investors seeking both cash flow and future growth.Each unit features a functional living and kitchen layout, with refrigerators and microwaves included. The basement unit benefits from its own split AC system, while upper units utilize window units. There is no on-site parking, with street parking available, and a shared backyard area offers outdoor space for tenants. Whether you're expanding your portfolio or looking for a multi-unit with built-in upside, this property delivers a compelling mix of current income, tenant stability, and value-add potential. Read Less
Courtesy of EXP REALTY, LLC.
Listing Snapshot
Days Online
11
Last Updated
Property Type
Other
Beds
5
Lot Size
0.06 Acres
Year Built
1939
MLS Number
4021833
30 Days Snapshot Of 07502
$627k
+22%
(avg) sold price
3
+50%
homes sold
99
-5%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Finished, Full, Yes
Building
Built in 1939, Renovated in 2021
Cooling
Window A/C(s)
Exterior Features
Vinyl Siding
Garage
See Remarks
Water Features
Electric, Public Water
Heating
Gas-Natural, 2 Units, Forced Hot Air
Lot
Approximate Lot Size: 25 X 100, 0.06 acres
Parking
None
Property
2 units, FHA Age Restricted: No
Roof
Asphalt Shingle
Sewer
Public Sewer
Taxes
Annual Tax Amount: $8,562, Tax Rate: 5.335
Unit One
1 bathroom, 3 bathrooms, Handicap Accessibility: No, Range/Oven - Gas
Unit Two
1 bathroom, 2 bathrooms, Handicap Accessibility: No, Range/Oven - Gas
Utilities
Electric, Gas-Natural
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Chris Cafaro
Realtor®

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Listing Information © Garden State MLS. All Rights Reserved.
All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. GSMLS Data provided via Home Junction, Inc.

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