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$ 1,750,000
Est. payment /mo
Active
143 Prospect Ave Irvington Twp., NJ 07111
5,662 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4008891
Annual Tax Amount $21,416
Tax Year 2024
Lot Size 5,662 Sqft
Property Description
Excellent Investment Opportunity Near the Maplewood Border! Whether you're a first-time investor looking to build your portfolio or an experienced owner seeking a solid income-producing property, this 8-unit building offers an excellent opportunity. This well-maintained 2-story property features 8 apartments, 4 on the first floor and 4 on the second floor. Unit mix includes six 2-bedroom apartments, one 1-bedroom apartment, and one studio. Each unit features an eat-in kitchen and a full bathroom. The property also offers an unfinished basement, 2-car garage, and a private driveway with parking for approximately 4 additional vehicles, providing valuable off-street parking. All utilities are separately metered, with the owner currently responsible for heating only. Current leases are scheduled to expire by the end of the year, offering flexibility for a new owner to evaluate rents, reposition the property, or make it their own. Conveniently located near the Maplewood border, with easy access to transportation, shopping, schools, and everyday amenities. A great opportunity for an investor looking for an 8-unit multifamily property with multiple income-producing units and additional parking.
Location
State NJ
County Essex
Zoning Residential
Rooms
Basement Unfinished
Interior
Heating Gas-Natural
Cooling No Cool
Flooring Laminate, Tile, Wood
Equipment Fire Alarm, Smoke Detector
Heat Source Gas-Natural
Exterior
Exterior Feature Brick/Block
Utilities Available Gas-Natural
Roof Type Flat
Building
Lot Description Corner
Story 2
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Listed by LIM BANCES REALTY