194 Maple Ave., Irvington NJ 07111

RENTAL Opportunity for Passive Income!
Or ….. a Quick Fix & Flip!

Grab this great Rental Opportunity to boost your portfolio! This is a solid, nicely cared for, Single Family home with a BONUS Full basement apartment. It’s located in a 4-family residential zone district. Both units currently have quality month to month tenants. Your tenants will enjoy a quiet street and the Irvington Park less than 2 blocks away.

This property offers HUGE passive income possibilities, check out the long list of features:

  • Currently 1 unit:
    • 3 Beds + 2 1/2 Baths (including remodeled full bath in basement)
  • Living Space: 1480 sq.ft. 
  • BONUS: Full mother/daughter basement apartment with own entrance.
    ( 1 bed / 1 full bath / kitchen / living/dining combo room)
  • All GOOD sized rooms!
  • A GREAT Section 8 opportunity.
  • Large back yard
  • Fenced in driveway
  • Located on quiet street
  • Only 1.5 blocks from a nice kids park
  • Only 5 SHORT blocks to the Garden State Parkway
  • Only 5 minutes from I-78
  • Walking distance to the Irvington Bus Terminal to Newark Penn Station
  • This property has been well taken care of! Here’s a list of recent updates:
    • Basement: New tile around tub, new flooring.
    • Second floor: New kitchen flooring, New pedestal sink and tile floor in 1/2 bath.
    • Third floor: New bathroom flooring.
  • Items Needed – less than $10,000 (Rental) or $30,000 (Flip):
    • 3 front Windows
    • Water heater
    • Refinish 1st floor wood floor
    • Ceiling tiles
    • Wall Paint
    • Paint radiators
    • Bedrooms/hallway flooring
    • Basement apartment flooring


Full Rehab ARV: $309,000
Rental Rehab Budget: $12,000
Flip Rehab Budget: $30,000

Current Rents:
House: $1500
Basement: $700
Utilities: $250/mos. avg.
Taxes: $7300/year

Projected Rents:
House: $1600 – $1900
Basement: $750

The Blah Blah Blah:

* Buyer is to pay all closing costs, including Seller’s.
* Please call/text me ASAP with any questions and to schedule a viewing if necessary.
* Best offer by the end of day, November 25th, gets the deal.
* A non-refundable $10,000 EM Deposit is required by the end of November 25th, 2021.

Call Arthur McCracken – GAINS Investments
Call or Text: 551-252-5334