Description
Discover a unique investment opportunity with this large legal 3 family, that provides 8 bedrooms and 3 baths, off Springfield & Bergen Ave. 2nd & 3rd floor units have 3 bedrooms with the possibility of adding a fourth bedroom or an ensuite bathroom with a rear balcony in each unit. Spacious apartments with lots of natural light & an eat in kitchen. Units 2 & 3: Gross rental estimated $2000- $2500 for (3 bedrooms). Unit 1: Gross rental estimated $1XXX-18XX for ( 2 bedrooms). Estimated total rental income combined $55XX-68XX+ pcm. An additional $14XX-18XX can be generated once the basement has been renovated with the appropriate permits. The home has 3 separate gas furnaces & electrical panels for each unit. Parking is available for 3+ cars but the vacant lot to the rear does not belong to the property. Close to all modes of public transportation & minutes away from Downtown Newark, Hospital, Rutgers University, I-280 & Garden State Pkwy creating an easy commute to New York.
-
8BEDS
-
N/AACRES
-
3BATHS
-
01/2 BATHS
School Ratings & Info
Description
Discover a unique investment opportunity with this large legal 3 family, that provides 8 bedrooms and 3 baths, off Springfield & Bergen Ave. 2nd & 3rd floor units have 3 bedrooms with the possibility of adding a fourth bedroom or an ensuite bathroom with a rear balcony in each unit. Spacious apartments with lots of natural light & an eat in kitchen. Units 2 & 3: Gross rental estimated $2000- $2500 for (3 bedrooms). Unit 1: Gross rental estimated $1XXX-18XX for ( 2 bedrooms). Estimated total rental income combined $55XX-68XX+ pcm. An additional $14XX-18XX can be generated once the basement has been renovated with the appropriate permits. The home has 3 separate gas furnaces & electrical panels for each unit. Parking is available for 3+ cars but the vacant lot to the rear does not belong to the property. Close to all modes of public transportation & minutes away from Downtown Newark, Hospital, Rutgers University, I-280 & Garden State Pkwy creating an easy commute to New York.
© 2023 New Jersey Multiple Listing Service. All rights reserved.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or United Real Estate North Jersey.
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than United Real Estate North Jersey are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. Data last updated: 2023-10-03T09:16:22.