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Listed by Cheryl A. Schuck RE/MAX Neighborhood Properties
$ 747,000
Est. payment | /mo
5 Baths
$ 747,000
Est. payment | /mo
5 Baths
Key Details
Property Type Multi-Family
Sub Type 2 Family
Listing Status Active Attorney Review
Purchase Type For Sale
MLS Listing ID 25026525
Style 2 Family
Full Baths 4
Half Baths 1
Property Sub-Type 2 Family
Property Description
Exceptional Multi-Family Opportunity w/Income Potential! Don’t miss this investment/owner occupant opportunity in a spacious & well maintained multi-family home currently configured as a 2-family residence, w/potential to convert the full 1st floor unit into a 3rd income producing unit (buyer due diligence). Each existing unit features 3 BRS, 2 full baths, including ensuite master baths, spacious kitchens & beautiful wood floors in the LRs, DRs & hallways. Recent upgrades include a new vinyl privacy fence, newly poured concrete patio, & an above-ground pool. All major mechanicals have been updated: HVAC systems & water heaters are less than 2 years old, & the roof is 4 years old. Unit 2 features new carpeting. The shared laundry room includes washer/dryer plus additional hookups for a 2nd set of laundry appliances. Ground flr offers its own private entrance creating a prime opportunity for conversion & additional rental income with minimal adjustments. Unit 1 is connected through a spiral staircase to the ground floor unit which they currently use as a recreation room & is awaiting a conversion. $$$ Unit 2 is currently priced below market value, making this property a compelling investment in both short and long term value. Whether you’re an investor seeking strong rental returns or an owner-occupant looking to offset your mortgage, this property delivers versatility and upside. Ideally located near shops, schools, parks, transportation, museums and the Prudential Center.
Location
State NJ
County Essex
Interior
Laundry Hook Ups
Exterior
Garage Spaces 1.0
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Thomas Mikalouskas
REALTOR® | Lic# 0235388