INVESTOR SPECIAL – INCOME-PRODUCING DUPLEX! Excellent opportunity at 2213 Lexington Avenue featuring TWO occupied units generating a combined $3,200 PER MONTH / $38,400 ANNUALLY in current gross rent!
The DOWNSTAIRS UNIT is officially recorded as a 2-bedroom, 2-full-bathroom unit and is currently configured with 4 total sleeping rooms. Two rooms are bonus spaces and are NOT represented as legal bedrooms unless independently verified with the municipality. The downstairs tenant is on a MONTH-TO-MONTH LEASE paying $2,000 per month.
The UPSTAIRS UNIT features 1 bedroom, 1 full bathroom, a living room and an eat-in kitchen. The upstairs tenant is on a ONE-YEAR LEASE ending in June 2027 and pays $1,200 per month.
A major highlight is the OVERSIZED DRIVEWAY with parking for approximately SEVEN VEHICLES, plus a detached one-car garage! Separate meters and gas water heaters add to the investment appeal. Approximately $10,000 has recently been invested in repairs and maintenance.
Conveniently located near major roads, shopping and transportation. Property is being sold strictly AS-IS. Seller will make no repairs. Buyer is responsible for all inspections, due diligence and any lender or municipal requirements. Schedule your showing and explore the income potential!
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Listing Snapshot
Price
$339,000
Days On Site
11 Days
Bedrooms
3
Inside Area (SqFt)
1,582 sqft
Total Baths
3
Full Baths
3
Partial Baths
N/A
Lot Size
0.2 Acres
Year Built
1934
MLS® Number
NJCD2125990
Status
Active
Property Tax
$5,561
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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