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Listed by Ryia Iosif RE/MAX Properties-Saddle River
$1,300,000
Est. payment /mo
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5+Family
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 26026699
Style 5+Family
Property Sub-Type 5+Family
Property Description
Exceptional investment opportunity to own a fully occupied 6-unit apartment building with a basement in one of Clifton's most desirable neighborhoods. This solid two-story brick building features six 1-bedroom, 1-bath apartments, all currently rented with leases in place, providing immediate and steady rental income. The property also includes 16 parking spaces, offering an additional source of income. There is excellent value-add potential for future investors by installing a coin-operated laundry facility or leasing basement storage bins to tenants, while also increasing revenue through tenant parking fees. Recent improvements include a new roof and a newer water heater, minimizing near-term capital expenses. Conveniently located near schools, shopping, public transportation, and major highways, this property is well-positioned in a high-demand rental market. Proof of funds or mortgage pre-approval is required before showings can be scheduled.
Location
State NJ
County Passaic
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