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Listed by Christopher Hill Century 21 The Crossing
$ 900,000
Est. payment | /mo
5 Beds
3 Baths
$ 900,000
Est. payment | /mo
5 Beds
3 Baths
Open House
Sat Apr 11, 1:00pm - 3:00pm
Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26009146
Style 3 Family
Bedrooms 5
Full Baths 3
Property Sub-Type 3 Family
Property Description
Stabilized 3-unit property delivering strong current income with built-in upside. All units leased, generating $4,887.50/month in residential rents plus $230/month from a separately rented garage $61,410 gross annually.Unit mix: two 2-bedroom/1-bath and one 1-bedroom/1-bath. All units separately metered with tenants paying their own utilities, keeping operating expenses low and cash flow predictable. In-basement laundry, plus assigned parking for each unit.Current rents are below market comparable units in Verona support an additional $200/month per unit at lease expiration, providing a clear path to increased returns without renovation. Lease expirations stagger through 2026, offering stabilized income today with natural rent reset opportunities ahead.Verona's rental demand remains strong, driven by top-rated schools, a walkable downtown, and direct NYC transit access fundamentals that support low vacancy and durable long-term returns.A clean, income-producing asset in a high-demand market. Perfect for the buy-and-hold investor looking to add a performing property to their portfolio.
Location
State NJ
County Essex
Interior
Laundry Basement
