Excellent investment opportunity! Income-producing legal triplex offering nearly 3,000 square feet of living space and featuring three spacious 4-bedroom, 2-bathroom units. Two units are currently occupied and generating immediate rental income with leases in place at $2,500/month and $2,450/month, both extending for approximately another year. Two of the units have been extensively renovated, offering updated finishes and strong tenant appeal. The third unit requires a complete renovation, presenting significant upside potential for investors seeking to increase cash flow and value. Situated on a large lot with commercial zoning, this property offers flexibility and future development possibilities. Whether you're looking to expand your portfolio or capitalize on a value-add opportunity, this property delivers both current income and long-term potential.
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Listing Snapshot
Price
$525,000
Days On Site
82 Days
Bedrooms
N/A
Inside Area (SqFt)
2,939 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.93 Acres
Year Built
1958
MLS® Number
NJGL2074970
Status
Active
Property Tax
$10,529
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
Friends & Family
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