480 Walker St, Fairview, NJ 07022

Located at 480 Walker Street in Fairview, New Jersey, this all-brick four-family property offers a substantial building area of 4,832 square feet situated on a 5,249 square foot lot. Constructed in 2008, the quadplex is configured with four distinct residential units, providing a total of 14 bedrooms and 10 bathrooms across the property. This configuration presents a unique investment prospect within the RC zoning district, designated for medium-density multi-family housing.

Each of the four residential units is designed to accommodate residents with dedicated parking solutions. The property includes four individual garage spaces, supplemented by tandem parking, resulting in a total of eight parking spaces. This comprehensive parking arrangement ensures convenience for all occupants. The building is equipped with HVAC systems throughout, and utilities are separately metered for electric, gas, and water, allowing for individual unit management and cost allocation.

The property's current rental income is reported to be below market rates, indicating a significant value-add opportunity for a prospective investor. This presents a potential to increase rental revenue and enhance the overall cash flow of the asset through strategic adjustments to lease agreements. The recent construction year of 2008 suggests a relatively modern building infrastructure, potentially reducing immediate capital expenditure needs.

This investment property is categorized as commercial, specifically an apartment subtype, and is situated in a location conducive to multi-family living. The combination of its size, unit count, modern construction, and the identified potential for rental income growth makes 480 Walker Street a noteworthy consideration for investors seeking to expand their real estate portfolio. Further details regarding tours or inquiries can be directed to Nadine Khalil at (973) 525-6720 or via email at nadinekhalil.realestate@gmail.com.