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Listed by Alexis Guilliani Century 21 A.G. Realty Group
$ 900,000
Est. payment | /mo
$ 900,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type 5+Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25002192
Style 5+Family
Property Sub-Type 5+Family
Property Description
This exceptional project presents a unique opportunity to develop a highly sought-after 9-unit residential building in a thriving location. All necessary city approvals are in place, streamlining the development process and minimizing potential delays. Buyer will only have to apply for permits and break ground immediately. The building thoughtfully incorporates a lobby, mail and package area, stairwell, refuse and recycling room, and a studio unit on the ground floor. The 2nd and 3rd floors feature a one 1 bedroom unit and three 2 bedroom units on each floor, catering to a diverse range of potential residents. 6 off-street parking spaces and a bike rack enhance resident convenience and appeal. This property has an area of 5,520 Sq Ft. This project may qualify for 20 or 30 year tax abatement subject to city approvals.
Location
State NJ
County Passaic
"Elevating Real Estate Dreams with Heart and Expertise."
111 Howard Blvd. Suite 202, Arlington, Jersey, 07856, United States