275 Grand, Leonia, NJ 07605

This brick-faced, 6-unit multifamily building located at 275 Grand in Leonia, NJ, presents a turnkey investment opportunity on a 7,700 sq. ft. lot zoned A-3. The property is fully occupied and features a desirable unit mix designed for stable tenant retention. It comprises five spacious two-bedroom units, catering to families and professionals seeking additional space, and one cozy one-bedroom unit, suitable for individuals or couples. Four of the six units have undergone recent renovations, incorporating modern finishes that allow for immediate capture of top-market rents.

Significant capital improvements have been completed, addressing major infrastructure needs and minimizing the potential for unexpected expenditures. A brand-new fire sprinkler system has been installed, meeting the latest safety standards and potentially reducing insurance premiums. The property also boasts a newly paved asphalt parking lot offering 13 dedicated off-street spots, providing a substantial parking-to-unit ratio that is highly valued in the submarket. Complementing the new parking lot is a professionally designed drainage system engineered to manage runoff effectively and protect the building's foundation.

Further enhancing the property's appeal and reducing maintenance requirements is its classic, durable brick facade, which minimizes the need for ongoing exterior upkeep and painting. A new intercom system has also been integrated into the building. The property's construction dates back to 1977, and it is categorized as a commercial investment property with a property subtype of Apartment. The building offers approximately 3,700 square feet of space.

Situated in a prime location within a high-demand rental corridor, this property offers convenient access to local amenities, including shopping, dining, public transit, and major commuter routes. This accessibility contributes to consistent tenant demand. The A-3 zoning on the usable 7,700 sq. ft. lot provides long-term land value and regulatory stability. With extensive capital work completed, including the parking lot, drainage, fire safety systems, and unit renovations, this property represents a low-management multifamily asset.