299 Vermont Ave

Irvington Twp, NJ 07111


 

Price: $620,000

GSMLS:  3918665
Type: Multi-Family
Style: 2-Two Story
Total Units: 4
Beds: 8
Baths: 4 Full
Garage: No
Year Built: 1938
Acres: 0.11
Property Tax: $14,374
Description
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 Stable 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.
General Info
Style:
2-Two Story
SqFt Building:
4,000
Total Rooms:
16
Basement:
Yes - Finished
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
50 X 100
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
n/a
Parking:
Blacktop
Spaces Available:
4
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Kitchen, Living Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 4
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Kitchen, Living Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Utilities
Heating:
Radiators - Hot Water
Heating Fuel:
Gas-Natural
Cooling:
Wall A/C Unit(s)
Water Heater:
n/a
Water:
n/a
Sewer:
n/a
Utilities:
n/a
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Irvington Twp.
Neighborhood:
n/a
Financial Considerations
List Price:
$620,000
Tax Amount:
$14,374
Land Assessment:
$25,000
Build. Assessment:
$211,700
Total Assessment:
$236,700
Tax Rate:
6.07
Tax Year:
2023
Listing Information
MLS ID:
3918665
List Date:
08-13-2024
Days On Market:
40
Listing Broker:
SADAR REALTY
Listing Agent:
Ridhwaan Sadar
 

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Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: BerkshireHillsLiving.com


RE/MAX

Town & Valley II

211 Route 10 East
Succasunna, NJ 07876
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Shawn and Diane Fox