BEDS0
BATHS9
SQUARE FEET8,400
MLS#4029350
STATUS
PROPERTY TYPEMulti Unit - Multiple
Property Description
Portfolio Sale " Value-Add Opportunity in Prime Location. Two adjacent properties offered as a package in a highly desirable neighborhood, presenting a compelling value-add opportunity. Combined, the portfolio consists of 6 apartment units and 3 retail units on approximately 13,300 sq ft of land. (1) 59 Valley Rd: Mixed-use building featuring three retail storefronts on the first floor and one residential unit on the lower level. Current commercial tenants include a dog groomer, salon, and facial studio. The residential unit is a legal 1-bedroom, 1-bath apartment. The property includes 11 on-site parking spaces, plus additional land behind the parking lot. Increased parking (on the additional land) may create an opportunity to add residential units above the retail, subject to local zoning and ordinance requirements. Variance may be required. Approximately 3,800 SF building situated on a 7,500 SF lot. Electric and gas are separately metered (4 each). (2) 63 Valley Rd: Multifamily building consisting of five units: four large one-bedroom apartments and one studio, each with a full bathroom. Includes 10 on-site parking spaces. Approximately 4,600 SF building on a 5,800 SF lot. Electric and gas are separately metered (5 each), plus an additional electric meter for common areas.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Cooling: Ductless Split AC, Window A/C(s)
Fuel Type: Gas-Natural
Heating: Radiators - Hot Water
Lot Size: 0.17 Acres
Stories: 3.0
Taxes: $13,655
Year Built: 1930
Feature Descriptions
Days on Site: 4
Lease Info: Month-To-Month
Lease Type: Gross
Lot Dimensions: 0.17 acre(s)
Max Door height: 0
Owner Pays: Sewer
Parking: Driveway-Shared, Off-Street Parking, See Remarks
Tenant Pays: Electric, Gas
Units: 9
Listed By / Shown By
Listed By
Agency Name: J. MICHAELS REALTY, ORADELL
Agency Contact: 201-918-3555
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0400
Estimate Your Payment
Estimated Payment
$ 6,172.38 per month $4,451.13 Principal & Interest $1,137.92 Property Tax $583.33 Homeowner's InsuranceChange Payment Information
59 Valley Rd | MLS# 4029350
This multi-family property located at 59 Valley Rd, Clifton, NJ 07013 is currently listed for sale with an asking price of $2,000,000. Search Clifton real estate on www.realtymark.net today.