Renovated 3 family property in Irvington presents an exceptional opportunity for investors seeking cash flow or owner-occupants looking to own a home in a thriving market. With Unit One 3 beds 1 bath and Unit Three 1 bedroom 1 bath currently unoccupied. The property features spacious rooms and a fully finished basement with three rooms and a full bath, offering additional living space or rental potential. The estimated rental income for Unit 1 and Unit 2 ranges from $2000 to $2500, while Unit 3 rents for $1200 to $1500, resulting in a total gross rent of $5200 to $6500. Potential to earn an extra $1200 to $1500 from the basement and the property includes a detached double garage with an exclusive driveway and space for at least 5+ cars, along with a backyard perfect for entertaining. A prime location and convenient access to major highways such as the Garden State Parkway and I-280, as well as schools, Newark Airport, shopping centers, houses of worship, public transportation, including a bus stop in front of the house and a easy commute to NYC. Access will be provided only to the unoccupied units unless there's an OH or for buyers submitting offers over the list price. Please respect the tenant's privacy and refrain from attempting to communicate or access apartments without prior approval. Additionally, the owner is in the process of completing the final renovation, which will be finished before closing. The LA has a legal interest in the home.
Property Type :
Multi Family
County :
Essex
Style :
Multi Family
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ByOwner last updated this listing 05/06/2024 @ 05:54
MLS: 3896881
LISTED BY: , EXP REALTY, LLC
SOURCE: Garden State MLS - New Jersey
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
