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Listed by Ashley E. Young Redfin Corporation
$ 749,990
Est. payment | /mo
4 Beds
2 Baths
$ 749,990
Est. payment | /mo
4 Beds
2 Baths
Open House
Sun May 17, 12:00pm - 2:00pm
Key Details
Property Type Other Types
Sub Type 2 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26016641
Style 2 Family
Bedrooms 4
Full Baths 2
Property Sub-Type 2 Family
Property Description
Excellent investment opportunity for investors or owner-occupants alike! This fully renovated brick two-family home was beautifully updated in 2020 with no detail overlooked and generates $61,500 in gross annual rental income. A true turnkey property offering strong cash flow potential, modern systems, and spacious layouts throughout. Each unit features 2 bedrooms plus an additional den ideal for a nursery or home office, along with a full dining room, living room, eat-in kitchen, and 1 full bath. Unit 1 is leased at $2,700/month and Unit 2 is leased at $2,425/month, providing immediate stable rental income. Both units offer central A/C and forced hot air, plus separate electric and gas meters, 2 water heaters, and 2 HVAC systems for added efficiency and convenience. The unfinished walk-out basement offers excellent potential for additional living space, storage, or future expansion. Additional features include separate washer/dryer hookups for each unit, front, side, and rear entrances, and a 2-car parking area in the back of the property. As an added bonus, the home includes 26 fully paid-off solar panels with transferable warranties, helping reduce utility costs while providing environmentally friendly energy savings. Conveniently located close to schools, shopping, restaurants, parks, and mass transportation, this rare turnkey multi-family property offers modern upgrades, strong rental income, and exceptional long-term value.
Location
State NJ
County Essex
Interior
Laundry Basement
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