$549,000
Don?t miss this well-maintained 7 bedroom, 3 bathroom multifamily investment opportunity generating $5,400/month in total rent with all tenants on month-to-month leases, giving you maximum flexibility whether you?re an owner-occupant or pure investor. Ideally located just blocks from the train station, bus lines, schools, shopping, and dining. Updated in 2020,… Read More this property is perfectly positioned for an owner-occupant to live in part of the home while collecting rental income from the rest, or for an investor to keep it fully leased for strong cash flow from day one. The first floor features a comfortable living room, eat-in kitchen, 4 bedrooms, and a full bath, offering generous space and functionality. The second floor includes a living room, eat-in kitchen, 3 bedrooms, and a full bath. The finished basement adds valuable bonus living space, further enhancing the property?s versatility and value. Practical layouts and thoughtful updates enhance everyday living throughout. Outside, the fully fenced backyard includes a patio ideal for outdoor dining and grilling. With flexible living spaces, a finished basement, $5,400/month in existing rental income, month-to-month tenancy flexibility, and a commuter-friendly location, this is an excellent opportunity to own a versatile multifamily property in a convenient neighborhood. Read Less
Courtesy of HOWARD HANNA RAND REALTY.
Listing Snapshot
Days Online
3
Last Updated
Property Type
Other
Beds
7
Lot Size
0.06 Acres
Year Built
1960
MLS Number
4024143
30 Days Snapshot Of 07501
$374k
+12%
(avg) sold price
4
+33%
homes sold
101
-19%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Finished, Full, Yes
Building
Built in 1960, Renovated in 2020
Cooling
None
Exterior Features
Aluminum Siding, Patio
Water Features
Public Water
Heating
Gas-Natural, Baseboard - Hotwater
Lot
Approximate Lot Size: 25X100, 0.06 acres, Level Lot
Parking
On-Street Parking
Property
2 units, FHA Age Restricted: No
Roof
Asphalt Shingle
Sewer
Public Sewer
Taxes
Annual Tax Amount: $8,749, Tax Rate: 5.335
Unit One
1 bathroom, 3 bathrooms, Handicap Accessibility: No, Range/Oven - Gas, Refrigerator
Unit Two
1 bathroom, 3 bathrooms, Handicap Accessibility: No, Range/Oven - Gas, Refrigerator
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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