BEDS0
BATHS7
SQUARE FEET9,274
MLS#4041108
STATUS
PROPERTY TYPEMulti Unit - Multiple
Property Description
Exceptional investment opportunity to own a fully occupied 6-unit apartment building with a basement in one of Clifton's most desirable neighborhoods. This solid two-story brick building features six 1-bedroom, 1-bath apartments, all currently rented with leases in place, providing immediate and steady rental income.The property also includes 16 parking spaces, offering an additional source of income. There is an excellent upside potential for future investors by installing a coin-operated laundry facility in the basement or leasing basement storage-bins to tenants, while also increasing revenue through tenant parking fees. Recent improvements include a new roof and a newer water heater, minimizing near-term capital expenses. Conveniently located near schools, shopping, public transportation, and major highways, this property is well- positioned in a high-demand rental market. ROI information is available upon request. Proof of funds or mortgage pre-approval is required before showings can be scheduled.
Property Features
Property Type: Multi Unit - Multiple
Basement: Finished-Partially
Basement: Yes
Cooling: Window A/C(s)
Fuel Type: Electric
Heating: Baseboard - Electric
Lot Size: 0.21 Acres
Roof Type: Asphalt Shingle
Stories: 2.0
Taxes: $17,596
Year Built: 1973
Feature Descriptions
Equipment Available: Fire Alarm
Exterior: Brick/Block
Location: Residential Area
Lot Dimensions: 0.21 acre(s)
Max Door height: 0
Owner Pays: Maintenance-Common Area, Sewer
Parking: Off-Street Parking, See Remarks
Sewer: Public Sewer
Tenant Pays: Electric, Heat, Water
Units: 6
Utilities: All Underground
Water: Public Water
Listed By / Shown By
Listed By
Agency Name: RE/MAX PROPERTIES
Agency Contact: 201-315-0884
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 4,738.74 per month $2,893.24 Principal & Interest $1,466.33 Property Tax $379.17 Homeowner's InsuranceChange Payment Information
128 Highland Ave | MLS# 4041108
This multi-family property located at 128 Highland Ave, Clifton, NJ 07011 is currently listed for sale with an asking price of $1,300,000. Search Clifton real estate on www.realtymark.net today.