299 VERMONT AVE Irvington, NJ 07111

Multi-Family Residence

8 Beds

4 Baths

4,000 Sq. Ft.

0.11 Acre Lot

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Last updated on 9/24/2024 9:39 AM

Listing Details

Exceptional Investment Opportunity in Irvington, NJPresenting a rare opportunity to acquire a diverse portfolio of multifamily properties in the heart of Irvington, NJ. This package includes a 4-family, a 3-family, and a 2-family property, all within close proximity, offering an attractive and stabl...e income stream.Key Highlights:Location, Location, Location: Situated in a highly accessible area of Irvington, with easy access to major highways, public transportation, shopping, and schools. A prime spot for tenants seeking convenience.Steady Cash Flow: All units are fully occupied, with a strong rental history. This portfolio offers immediate income with the potential for rent increases and long-term appreciation.Diverse Unit Mix: The portfolio includes various unit sizes, catering to different tenant needs. This diversification reduces risk and ensures a broad tenant base.Value-Add Potential: While all properties are well-maintained, there is room for strategic upgrades to further enhance rental income and property value.Economies of Scale: Managing a portfolio allows for operational efficiencies, reducing overall management costs and improving ROI.Strong Local Market: Irvington is experiencing steady growth with ongoing development projects, making it an attractive area for real estate investments.Low Vacancy Rates: Consistently low vacancy rates, reflecting the strong demand for rental units in the area. Continue reading

MLS#

3918665

Property Type

Multi-Family

Bedrooms

Bathrooms

4 Full

Year Built

1938

Square Feet

4,000 sq. ft

Lot Size