Northfield NJ Multi Family for Sale
ADDITIONAL INFORMATION
Located at 322 Northfield Ave in the heart of Northfield, this newly and fully renovated duplex offers a prime investment and/or living opportunity. Completely renovated and updated just four years ago, the property boasts 4 bedroom 2 bathroom house (Unit A) and a former carriage House (Unit B) each of which includes a new roof, siding, windows, plumbing, HVAC systems, electric panels, and modern kitchens and bathrooms. Both units feature vinyl flooring throughout and are tenant-occupied with separate meters for electricity, gas, and water. The House is leased at $2,700 per month until April 2025, with the tenant expressing interest in staying for one more year. The former Carriage house (Unit B), is currently occupied and is in the fourth year of a five-year lease which now pays $2,700 monthly, with monthly rent set to increase to $2,800 in the final lease year starting May 1, 2025 to April 30, 2026. The Property is situated on an oversized lot which is very well-maintained and requires little upkeep, making it a perfect turnkey investment. A Property survey and seller disclosure are available in the associated documents. This is a very unique once in a lifetime property so donâ??t miss out on this fantastic opportunity to own this beautiful property with stable and increasing rental income in a highly desirable neighborhood. PROFESSIONAL PHOTOS COMING SOON!
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Northfield Real Estate
The median home value in Northfield, NJ is $385,000. This is higher than the county median home value of $301,600. The national median home value is $338,100. The average price of homes sold in Northfield, NJ is $385,000. Approximately 84.81% of Northfield homes are owned, compared to 10.06% rented, while 5.14% are vacant. Northfield real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Northfield real estate agent to arrange a tour today!
Northfield, New Jersey has a population of 8,419. Northfield is more family-centric than the surrounding county with 35.14% of the households containing married families with children. The county average for households married with children is 26.78%.
The median household income in Northfield, New Jersey is $88,232. The median household income for the surrounding county is $66,473 compared to the national median of $69,021. The median age of people living in Northfield is 44.7 years.
Northfield Weather
The average high temperature in July is 84.4 degrees, with an average low temperature in January of 25 degrees. The average rainfall is approximately 42.8 inches per year, with 15.9 inches of snow per year.