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MID STATE REALTY
732-251-8900
This impressive 4-unit property presents a golden opportunity for investors or multi-generational seeking an income-generating asset in a prime location. Boasting four separate units, each with its own distinct layout and charm, this property offers versatility and potential for various living arrangements or rental income streams.Excellent Rental Potential with the high demand for housing in the area, this property presents an exceptional opportunity for generating steady rental income, making it an attractive investment prospect. Meticulously maintained and cared for, this property reflects pride of ownership and assures prospective buyers of its excellent condition. Each unit features ample living space, including multiple bedrooms, bathrooms, and living areas, providing tenants with comfortable and accommodating living quarters. Whether you're looking to rent out all units or occupy one while leasing the others, this property offers a lucrative opportunity to capitalize on the rental market demand in the area. Positioned in a desirable neighborhood with ongoing development and growth, this property holds promising potential for long-term value appreciation. Property was fully renovated in 2019, new roof, new Hvac etc. Detached 3 car garage adding to this already income producing property3 bed $2900 2 bed $2230 1 bed $1700 Studio $550. Annual expenses $19,300 Potential cap rate of 6%
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Fire Extinguisher, Security System, Smoke Detector
Heating: Forced Hot Air
Cooling: Central Air
Construction: Stucco
Roof: Flat
Lot Dimensions: 25X100
Lot Size (Acres): 0.06
Possession: closing
Tax ID: 1812-00114-0000-00005-0000-
Tax Year: 2023
Parcel Number: 1812-00114-0000-00005-0000-
Taxes : 13,886
Garage: 3
Parking Features: On-Street Parking
Garage Description: Detached Garage, Oversize Garage, See Remarks
Water Source : Public Water
SEWER : Public Sewer
Direction: Use GPS Make right on 55th from JFK Blvd
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
6613 Palisade Ave, West New York, NJ,07093 | $1,200,000 | 10 | 5 | -- | -- |
440 52nd St, West New York, NJ,07093 | $699,000 | 4 | 3 | -- | 0.02 Acre |
ByOwner last updated this listing 05/02/2024 @ 20:42
MLS: 3891664
LISTED BY: , MID STATE REALTY
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.