Description
Your search ends here. This large renovated three unit property is located under 40 mins from NYC and a short ride to Newark's Ironbound district. The property is perfect for an owner occupant, house hacker or absentee owner. Each of the three spacious units are renovated open concept style, featuring five bedrooms and one bath, high ceilings, new kitchens and flooring. In addition the property features a fully finished walk out basement with two rooms summer kitchen and a full bath. The building will be delivered with one occupant and endless opportunities for cashflow. PROJECTED FINANCIALS: GROSS INCOME $106,800, 2.15% DSCR, 27.6%, 12.9% CAP RATE. **PROPERTY QUALIFIES FOR SEVERAL GRANT AND DOWN PAYMENT ASSISTANCE PROGRAMS (ASK YOUR LENDER FOR DETAILS)**SELLER CONCESSIONS OK**
Location
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$883,000
13
5
8,950 Sq ft
Active/Under Contract
MLS# 22312547
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Copyright © 2022 Garden State Multiple Listing Service, L.L.C. All rights reserved. Updated: 4th June, 2023 2:48 PM (UTC)
The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
Copyright © 2022 Garden State Multiple Listing Service, L.L.C. All rights reserved. Updated: 4th June, 2023 2:48 PM (UTC)
Listing Office: HEARTH REALTY GROUP
