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Welcome to an exceptional investment opportunity in Irvington, NJ, just a brisk 35-minute drive from vibrant New York City. This property, a cash-flowing 3-family gem, is tailored to meet the needs of both potential homeowners and discerning investors.Each unit within this meticulously maintained property offers generous living space, boasting a king-size bedroom along with two additional queen-size bedrooms. The kitchens are tastefully appointed with cherry hardwood cabinets and gleaming stainless steel appliances, creating an inviting atmosphere for culinary delights and shared meals.This property generates monthly cash flow, a testament to its income-generating potential. Furthermore, there is an opportunity to increase rental income by $800 to $1,000 per unit by renting at fair market value. This presents a lucrative prospect for investors seeking to maximize their returns.For prospective homeowners, this property presents an attractive opportunity to offset mortgage payments with rental income, thereby making homeownership more attainable and sustainable. Additionally, the potential for increased rental income offers homeowners the chance to build equity and enhance their financial well-being over time.For investors, this property represents a solid cash-flowing asset with the promise of long-term appreciation. With a robust rental market and its proximity to New York City.
| DAYS ON MARKET | 11 | LAST UPDATED | 5/9/2024 |
|---|---|---|---|
| YEAR BUILT | 1910 | COMMUNITY | Irvington |
| COUNTY | Essex | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| APPLIANCES | Gas Water Heater |
|---|---|
| AREA | Irvington |
| BASEMENT | Unfinished, Yes |
| CONSTRUCTION | Vinyl Siding |
| HEAT | Natural Gas |
| LOT | 2614 sq ft |
| PARKING | On Street |
| SEWER | Public Sewer |
| STORIES | 3 |
| STYLE | 3-Three Story |
| TAXES | 10318 |
| UTILITIES | Underground Utilities |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with KELLER WILLIAMS VILLAGE SQUARE
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