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Listed by Ernest Polej App Realty
$ 599,999
Est. payment | /mo
4 Beds
3 Baths
$ 599,999
Est. payment | /mo
4 Beds
3 Baths
Open House
Sat Jun 27, 12:00pm - 2:00pm
Key Details
Property Type Multi-Family
Sub Type 2 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26021187
Style 2 Family
Bedrooms 4
Full Baths 2
Half Baths 1
Property Sub-Type 2 Family
Property Description
Prime investment opportunity in a highly desirable location on the Maplewood border! This well-maintained corner multifamily property features two spacious units, each offering 2 bedrooms and 1 full bath. The first-floor unit includes access to a fully finished basement with a half bath, laundry room, and two additional flex rooms that can be used as an office, recreation area, storage, or other purposes. The property also boasts a private backyard and a detached 2-car garage. The current owner uses the garage, but it presents an excellent opportunity for additional rental income. Both units are currently rented below market value, offering significant upside potential for investors. With modest updates and improvements, rents can be increased to market rates, maximizing cash flow and return on investment. Conveniently located near shopping, dining, transportation, and all the amenities Maplewood and the surrounding area have to offer. Property is being sold strictly AS-IS. Buyer is responsible for obtaining all required municipal certificates, permits, inspections, and Certificate of Occupancy requirements. A great opportunity for investors or owner-occupants looking to add value in a strong rental market.
Location
State NJ
County Essex
Interior
Laundry Basement
Exterior
Garage Spaces 2.0
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