Unique income producing investment property in the heart of Lyndhurst! Steps away from train station for easy commuting! Building is mostly leased and features 2 storefronts plus 3 apartments (Two 3 bedroom units (or 2 bedroom plus dining room) and a 1 bedroom unit), all fully occupied with favorable rents with 5.5% increases built in. Large piece of property with lots of parking in rear. Yearly income: $91,548 and Yearly Expenses: $23,026. "Bones" have been well maintained and units have in between tenants. Newer roof, furnaces, and water heater. Tenants pay own electric and gas, landlord pays heat and water. Potential to expand up or out in rear, buyer should do own due diligence with Lyndhurst Twp. Buyer responsible for obtaining C/O and any inspections needed for closing.
3889385
Mixed Use, 2 Story
Bergen
1920
0.1
Acres
Public Water
2
Brick, Vinyl Siding, Wood Siding
Public Sewer
3,545
Sq. Ft.
Cable Available, Natural Gas Available
5 Total
Interior Features
- Flooring
- Tile, Vinyl, Wood
- Cooling
- Window Unit(s)
- Heating
- Gas Heat. .
- Basement
- Full, Unfinished
Exterior / Lot Features
- Parking
- Gravel, Off Street.
- Exterior
- Brick, Vinyl
- Zoning
- B
- Additional Exterior/Lot Features
- Level.
Financial Considerations
Fee Simple
1132-00066-0000-00020-0000-
$13,881
Arrows indicate 90 day trend
Loading...