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Listed by Darrell Bailey RE/MAX First Realty II
$ 724,500
Est. payment | /mo
5 Beds
3 Baths
$ 724,500
Est. payment | /mo
5 Beds
3 Baths
Open House
Sat Jun 20, 10:00am - 12:00pm
Key Details
Property Type Other Types
Sub Type 3 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26022801
Style 3 Family
Bedrooms 5
Full Baths 3
Property Sub-Type 3 Family
Property Description
Large Multi Family Opportunity in Irvington with 3 separate units! Spacious 5 bedroom, 3 full bath property situated on a large lot with a detached two car garage, ample parking, and strong value add potential by renovating the basement. A new driveway can be installed prior to closing for offers over the list price. The first and second floors each offer spacious 2 bedroom units, while the third floor features a 1 bedroom apartment, creating flexible options for an owner occupant, house hacker, or investor looking to reduce their taxes through cost segregation. The large full basement includes three additional rooms and a full bath, additional storage and laundry area. The second floor unit is currently rented for $2,100 and used as a 3 bedroom apartment by accessing the apartment from the rear and not utlitizing the living room. Unit 1 & 3 are currently vacant and recently renovated. Potential future rental income may reach approximately $7,800+ per month based on projected rents of $3,500 for the 1st floor unit including basement access, unit 2 $2,500 , and unit 3 $1,800, with possible additional income from washer/dryer access, parking, WiFi, storage and garage access. Conveniently located near South Orange and Maplewood amenities, parks, shopping, dining, public transportation, and major commuter routes. Property may be eligible for grant programs through our approved lenders.
Location
State NJ
County Essex
Interior
Laundry See Remarks
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