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Kellene Addison

addisonrealtor@gmail.com +1(862) 251-4915

$ 690,000

Est. payment | -/mo

5 Beds

3 Baths

1,496 SqFt

Save

$ 690,000

Est. payment | -/mo

Save

5 Beds

3 Baths

1,496 SqFt

Open House

Sat Oct 24, 1:00pm - 4:00pm

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 1,496 sqft

Price per Sqft $461

MLS Listing ID 4055619

Style 2-Two Story

Bedrooms 5

Full Baths 3

Year Built 1913

Annual Tax Amount $8,043

Tax Year 2025

Lot Size 2,613 Sqft

Property Description

Turnkey 2-family investment in Garfield, extensively renovated in 2025. Unit 1 (1st floor, finished basement delivered vacant): 2 bedrooms, living room, kitchen and full bath on the main level with direct backyard access, new deck and storage unit, plus a private finished basement suite with 1 bedroom, kitchenette, brand-new full bath and small living area, and private laundry. Projected rent $3,000-$3,300/mo, or owner-occupy. Unit 2 (upper): 2 bedrooms (one with walk-in closet/den space), living room, new kitchen and bath; leased at $2,200/mo through Feb 2027, projected market rent $2,500-$2,700/mo. Updates: marble countertops, new kitchens on all floors, new flooring, new electrical panels, new plumbing, new 2nd-floor windows, digital key entry on all doors. Projected gross income $66,000-$69,600/yr; est. cap rate 8.3%-8.8% based on taxes and water only, before vacancy, insurance and repairs; buyers to verify. Taxes $8,043; water approx. $155-$160/qtr; tenants pay electric, gas and heat. Under 15 min to Plauderville NJ Transit (direct to NYC/Hoboken), minutes to Dahnert's Lake County Park, easy access to Rt 46, 21, 4 and the Garden State Parkway.

Location

State NJ

County Bergen

Zoning R-2

Rooms

Basement Finished

Interior

Heating Gas-Natural

Cooling Window A/C(s)

Heat Source Gas-Natural

Exterior

Exterior Feature Stucco

Parking Features On-Street Parking

Utilities Available All Underground

Roof Type Flat

Garage Yes

Building

Sewer Public Sewer

Water Public Water

Architectural Style 2-Two Story

Schools

Elementary Schools Roosevelt

Middle Schools Columbus

High Schools Garfield

Others

Senior Community No

Listed by LIFESTYLE INTERNATIONAL REALTY

Nearby Locations

"Elevating Real Estate Dreams with Heart and Expertise."

+1(862) 251-4915

addisonrealtor@gmail.com

111 Howard Blvd. Suite 202, Arlington, Jersey 07856, United States

215 Macarthur Ave Garfield City, NJ 07026