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Listed by Ninetta Pappas Realtyline
$1,690,000
Est. payment /mo
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res/Com Mixed
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26028731
Style Res/Com Mixed
Property Sub-Type Res/Com Mixed
Property Description
Exceptional mixed-use investment opportunity on the desirable Upper Irvington/Maplewood border. Completely gutted and renovated from top to bottom in 2004, this well-maintained corner property features four 3-bedroom apartments and a large commercial space occupied by a successful daycare for over 20 years. Property features central air and heat throughout, a 3-car garage, fenced parking lot, and a full unfinished basement offering potential for additional commercial use (subject to approvals). Approximately 4,396 SF per level, including the basement. Strong cash flow with a 6.29% Cap Rate, stable tenants, and future income growth potential make this an excellent investment opportunity in one of Irvington's most desirable neighborhoods. Financials available upon request.
Location
State NJ
County Essex
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