Great property for investors or someone looking to supplement their income with rental units. This unique property consists of a large studio with long term tenant currently on a month to month lease for $525.00. It has a full kitchen, bathroom and spacious living area with sectioned off bedroom zone. The main unit has a living room, large eat-in kitchen and full bath on the first floor. Three bedrooms and another full bath are on the second floor and the remaining 2 bedrooms are on the third level. It is currently rented for $1,400.00. There are also 3 rented garages that face Chestnut Avenue. Complete with fire escape and wire glass windows, this property was legally converted to a two unit in 1990. All utilities are separated. Gas boiler services the 5 bedroom and gas forced air system supplies the studio. The 3 garages are currently rented for $100.00 each. Building is in great shape, but selling as-is. Inspections for buyer purposes only. Buyer responsible for obtaining all necessary certificates for sale.
| Price | $142,000 (sold: 2/25/2021) |
|---|---|
| Year Built | 1950 |
| Property Type | Multi-Unit |
| Listing # | NJME304310 |
| Status | Sold |
| Listing Type | For Sale |
| Square Feet | 1,299 |
|---|
| Lot Size | 0.04 acres |
|---|
Courtesy of Michael Jarvis, NextHome Essential Realty
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