CASH-FLOWING INVESTMENT OPPORTUNITY – TENANT IN PLACE!
Seller is open for Seller Financing
Looking for a truly turnkey rental property that generates income from day one? This beautifully updated **2-bedroom, 1-bath home with a finished basement** is a rare opportunity for investors seeking stable cash flow, low expenses, and minimal maintenance.
The property has been thoughtfully renovated with a **modernized bathroom, fresh interior and exterior paint, updated kitchen cabinetry, granite countertops, laminate flooring, and more**, making it an attractive home for long-term tenant retention. The main level features 2 bedrooms, 1 full bath, a spacious living room, and kitchen, while the finished basement adds valuable usable space with a recreation area, bonus room, and laundry area complete with washer and dryer.
**Income starts on Day One!**
* Section 8 tenant currently paying **$2,000 per month**
* Excellent payment history with consistent on-time rent
* Approximately **9 months remaining on the current lease**
* Government-backed rental income provides added stability and predictability
What makes this investment even more attractive is the combination of **NO HOA fees, low property taxes, and low-maintenance upgrades**, helping maximize your cash flow and overall return on investment.
Conveniently located near public transportation and featuring rear alley access, this property offers strong rental appeal and long-term upside. Whether you're looking to expand your portfolio, complete a 1031 exchange, or acquire your first investment property, this is the type of asset investors are actively searching for.
**Secure a performing asset today and enjoy immediate passive income with built-in tenant stability.**
*Owner is a licensed Real Estate Agent.*
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Listing Snapshot
Price
$239,991
Days On Site
124 Days
Bedrooms
2
Inside Area (SqFt)
760 sqft
Total Baths
1
Full Baths
1
Partial Baths
N/A
Lot Size
0.06 Acres
Year Built
1953
MLS® Number
NJGL2074078
Status
Active
Property Tax
$3,441
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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