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