Victorian Income Producing Corner Home set in the "Manor" section of Kearny. This is a New Jersey State, legal, 9-room Rooming House. Huge first floor with sunroom, and finished basement, Second and third are Rooming quarters, 5 and 4-rooms respectively. Brick patio with wood-burning grill, above-ground pool, two-car garage. The Home's potential income stream may provide the freedom to cover the mortgage, property taxes and all its expenses while having money left over to invest in other endeavors. The potential CAP rate may exceed 8%, if fully occupied. Providing other tenant incentives could convert into additional revenue streams such as the driveway and garage spaces. NJ Transit's "76" Bus is one block away with transit options to Port Authority NY or direct to Newark Penn. Just 5 blocks away is NJ Transit's "40" Bus direct to the Harrison PATH station.
Listing Agent: Adrian Tridel Courtesy of: Adrian Edwards LLC Office phone: (201) 466-1092 The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than New Jersey MLS are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing Service, Inc. 2021 New Jersey Multiple Listing Service, Inc. All rights reserved. Updated: 29th July, 2021 9:16 AM