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Investor's dream! Own this two-family house with great cash flow & minimal maintenance/expenses. The 1st floor (Unit 1) offers 3 big bedrooms, living room, eat-in kitchen and one full bath. The 2nd & 3rd floor (Unit 2) has six big bedrooms, two full baths, two living rooms and eat-in kitchen. Tenants pay separate gas and electricity utilities. Conveniently located walking distance to Highland Avenue train station by the Valley Arts re-developed area. 10 min to Hoboken and another 25 min to NYC Penn. Newly renovated Unit 1 to be delivered vacant or rented. Unit 2 is renting month-to-month at $2,700/m (low, expiring 11/30/23) Property was "rebuilt" just before year 2000. New roofs and furnaces in 2021 & 2022. Great West Orange schools. Great ROI at 7% 2022 cap (not forward cap.) $12,051 Expenses include Tax, Ins, W&S & hallway elec. Zoned B-1. Two sets of staircases up to the 3rd floor. Easy "Use Variance" for legalized 3-family. Financials & details included in the MLS pictures
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Office phone: (888) 501-6953 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 Simply Real Estate 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. 2022 New Jersey Multiple Listing Service, Inc. All rights reserved. Updated: 5th June, 2023 11:56 AM (UTC)
Listing Agent: Ke Song | Agent phone: (201) 469-1057
Listing Office: United Real Estate | Office phone: (888) 501-6953