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$874,900
Est. payment /mo
5 Beds
4 Baths
2,700 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $324
MLS Listing ID 4035708
Style 3-Three Story
Bedrooms 5
Full Baths 4
Annual Tax Amount $15,571
Tax Year 2025
Lot Size 4,791 Sqft
Property Description
Exceptional and rare investment opportunity in the heart of Prospect Park! This income-producing 4-family property features a desirable unit mix of two 2-bedroom units, one 1-bedroom unit, and one studio apartment, offering diversified rental income and broad tenant appeal. Property highlights include separate utilities and a detached garage. The current rent roll is approximately $6,500 per month. One 2-bedroom unit is currently vacant, providing immediate leasing potential at market rent. An additional 2-bedroom unit is rented on a month-to-month basis, the 1-bedroom unit is leased at market value, and the studio is currently rented below market value, offering future income growth opportunities. Investors have the potential to increase cash flow through future rent adjustments and strategic management. Whether you're expanding an existing portfolio or seeking a stable multi-family asset with upside potential, this property presents an excellent opportunity in a strong rental market. Conveniently located near shopping, dining, parks, schools, and major transportation routes, with easy access to surrounding towns and commuter options.The entire property has not been photographed and must be seen to be fully appreciated. Security deposit information will be disclosed. All square footage figures are approximate and should not be relied upon as exact measurements.
Location
State NJ
County Passaic
Rooms
Basement Unfinished
Interior
Interior Features Carbon Monoxide Detector, Carpeting, Fire Extinguisher, Smoke Detector, Wood Floors
Heating Gas-Natural
Cooling See Remarks, Window A/C(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Aluminum Siding
Parking Features Detached Garage
Garage Spaces 1.0
Utilities Available Gas-Natural
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Sewer Public Sewer
Water Public Water
Architectural Style 3-Three Story
Others
Senior Community No
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Listed by EXP REALTY, LLC
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