128 Highland Ave,Clifton City, NJ 07011
Clifton City, NJ 07011
Description
Exceptional investment opportunity to own a fully occupied 6-unit apartment building with a basement in one of Clifton's most desirable neighborhoods. This solid two-story brick building features six 1-bedroom, 1-bath apartments, all currently rented with leases in place, providing immediate and steady rental income.The property also includes 16 parking spaces, offering an additional source of income. There is an excellent upside potential for future investors by installing a coin-operated laundry facility in the basement or leasing basement storage-bins to tenants, while also increasing revenue through tenant parking fees. Recent improvements include a new roof and a newer water heater, minimizing near-term capital expenses. Conveniently located near schools, shopping, public transportation, and major highways, this property is well- positioned in a high-demand rental market. ROI information is available upon request. Proof of funds or mortgage pre-approval is required before showings can be scheduled.
Details
| MLS # | 4041108 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1973 |
| Days On Site | 58 |
| Listing Provided By | RE/MAX PROPERTIES | RYIA IOSIF |
Features
| Garage | 16 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 6 |
| Zoning | residential |
Taxes
| Property | 17596 |
|---|
Area Information
| State | NJ |
|---|---|
| County | Passaic |
| City | Clifton City |
| Zip Code | 07011 |
| Area | Passaic |
| Listing VS Median (in 07011) | |
Price: $1,300,000 low | high Med: $534,450 On site: 58 low | high Med: 34 | |
Market Activity 07011
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Learn More About This Property
| State | NJ |
|---|---|
| County | Passaic |
| City | Clifton City |
| Zip Code | 07011 |
| Area | Passaic |
| Listing VS Median (in 07011) | |
Price: $1,300,000 low | high Med: $534,450 On site: 58 low | high Med: 34 | |
