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$ 1,299,888
Est. payment | /mo
0.3 Acres Lot
$ 1,299,888
Est. payment | /mo
0.3 Acres Lot
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4041546
Year Built 1920
Annual Tax Amount $20,361
Tax Year 2025
Lot Size 0.300 Acres
Property Description
HIGH CASH FLOW. STRONG LOCATION. ENDLESS POTENTIAL! Welcome to this rare 5-unit, mixed-use investment gem perfectly situated in the high-demand heart of Kearny, NJ. Offering a prime opportunity for savvy investors or 1031 Exchange buyers, this property boasts strong existing income and incredible upside potential. The property generates an impressive Gross Income of $105,600/year with a Net Income of $77,382/year, offering a highly attractive and undervalued 6.45% Cap Rate. Spanning a versatile layout, the apartment units will be delivered completely vacant at closing, allowing you to set your own market rents immediately in an area known for exceptionally high rental demand. Adding massive value to the asset is the rare and extensive parking situation, featuring a 1-car garage plus an expansive lot accommodating 15+ vehicles?a premium commodity in Kearny. Zoned R-2 for strong future upside, this property is built for results, steady cash flow, and long-term appreciation. Don?t miss out on this seamless addition to your portfolio. This opportunity won?t last?schedule your private showing today
Location
State NJ
County Hudson
Zoning R-2
Interior
Heating Gas-Natural
Cooling No Cool
Equipment See Remarks
Heat Source Gas-Natural
Exterior
Exterior Feature See Remarks
Garage Spaces 15.0
Utilities Available See Remarks
Roof Type See Remarks
Building
Story 3
Sewer Association
Water Association
Others
Ownership Fee Simple
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Listed by KELLER WILLIAMS PARK VIEWS
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