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427 E Central Ave

Alpha Boro, NJ 08865
  • $999,900
  • STATUS: Active
  • ON SITE: 47 Days
  • MLS #: 3931165
UPDATED: 79 min ago
$999,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,122
    SQFT
  • $320
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1880
County:
Area:

School Ratings & Info

Description

Discover an EXCEPTIONAL INVESTMENT OPPORTUNITY with this Beautifully Newly 2024 REMODELED 5-unit MULTI-FAMILY APARTMENT BUILDING. Ideally situated in DESIRABLE Alpha Boro, this apartment building features 3- 1 Bedroom, 1- 2 Bedroom and 1- 3 Bedroom apartments. With Modern Upgrades throughout, the building boasts a BRAND NEW ROOF, NEW WATER HEATERS, NEW carpet and LVP, updated baths, FRESH PAINT and contemporary kitchens complete with NEW CABINETS, COUNTERTOPS, and STAINLESS-STEEL APPLIANCES. The exterior shines with NEW VINYL SIDING, shutters, and a freshly painted block facade. Enjoy the benefits of a newly installed PAVER PATIO and a stone off-street PARKING LOT, providing ample parking for residents. Each apartment has its OWN ENTRANCE, ensuring privacy and independence. Separate electric meters make for easy management. Utilize the basement for additional storage or coin laundry to maximize profits! This TURNKEY investment property is ready for market-rate tenants, offering a hassle-free opportunity to capitalize on the thriving rental market. Don't miss out on this remarkable property that combines modern living with exceptional curb appeal! Certificate of Occupancy has been completed! Currently 40% occupied.

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Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Tejada Real Estate Partners | RE/MAX Select. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Tejada Real Estate Partners | RE/MAX Select are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-12-12T11:46:51.28.
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427 E Central Ave Alpha Boro, NJ 08865

  • Price: $999,900
  • Status: Active
  • On Site: 47 Days
  • Updated: 79 min ago
  • MLS #: 3931165
0
Beds
0
Baths
0
½ Baths
N/A
Acres
3,122
SQFT
$320
$/SQFT
1880
Built
Neighborhood:
Not In A Development
County:
Warren
Area:
Alpha Boro
Property Description
Discover an EXCEPTIONAL INVESTMENT OPPORTUNITY with this Beautifully Newly 2024 REMODELED 5-unit MULTI-FAMILY APARTMENT BUILDING. Ideally situated in DESIRABLE Alpha Boro, this apartment building features 3- 1 Bedroom, 1- 2 Bedroom and 1- 3 Bedroom apartments. With Modern Upgrades throughout, the building boasts a BRAND NEW ROOF, NEW WATER HEATERS, NEW carpet and LVP, updated baths, FRESH PAINT and contemporary kitchens complete with NEW CABINETS, COUNTERTOPS, and STAINLESS-STEEL APPLIANCES. The exterior shines with NEW VINYL SIDING, shutters, and a freshly painted block facade. Enjoy the benefits of a newly installed PAVER PATIO and a stone off-street PARKING LOT, providing ample parking for residents. Each apartment has its OWN ENTRANCE, ensuring privacy and independence. Separate electric meters make for easy management. Utilize the basement for additional storage or coin laundry to maximize profits! This TURNKEY investment property is ready for market-rate tenants, offering a hassle-free opportunity to capitalize on the thriving rental market. Don't miss out on this remarkable property that combines modern living with exceptional curb appeal! Certificate of Occupancy has been completed! Currently 40% occupied.
Exterior Features

Approximate Lot Size 0.21 75X125 Available Parking Spaces 5 Construction See Remarks Exterior Description Vinyl Siding Location Residential Area Lot Description Level Lot Number Of Bays 0 Number Of Docks 0 Parking Driveway Description GravelOff-Street ParkingOn-Street ParkingParking Lot-Exclusive Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Bilco-Style DoorFullUnfinished Cooling See Remarks Equipment Available AppliancesSmoke Detector Floors CarpetingVinyl-Linoleum Heating Baseboard - Electric Max Ceiling Height 0 Max Door Height 7 Number Of Lavatories 5 Office Sq Ft 0

Property Features

Expenses Include InsuranceTaxes For Sale Or Lease For Sale Fuel Type Electric Gross Operating Income 100800 Net Operating Income 88970 Permitted Use Residential/Multi-Family Primary Property Type Apartment Complex Property Type Apartment Complex Sale Includes Building Only Sewer Public Sewer Suite Number N/A Tax Amount 10329 Tax Rate Amount 3.456 Tax Rate Year 2024 Tax Year 2023 Total Operating Expense 11830 Utilities Electric Utilities Paid By Tenant Water Public Water Year Built Description Approximate Zoning R-4

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Keller Williams Real Estate: 610-867-8888.


Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Tejada Real Estate Partners | RE/MAX Select. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Tejada Real Estate Partners | RE/MAX Select are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-12-12T11:46:51.28.
 
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Tejada Real Estate Partners | RE/MAX Select
15 Bloomfield Ave
Montclair NJ, 07042