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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. 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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