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 configuration features four distinct residential units. The property is designed with a top-bottom layout, providing a total of fourteen bedrooms and ten bathrooms distributed across the four units.

Each of the four residential units is equipped with its own dedicated garage space, complemented by tandem parking. This arrangement provides a total of eight parking spaces, with four enclosed garages, ensuring ample parking for residents. The property is independently metered for essential utilities, including electric, gas, and water, allowing for individual unit management and billing. Heating and cooling systems are present throughout the building.

This property presents a notable investment opportunity, as current rental income is reported to be below projected market rates. This situation creates a compelling value-add scenario for a prospective investor, offering the potential to increase rental income and enhance overall cash flow through strategic adjustments to rental pricing. The building's construction in 2008 indicates relatively modern infrastructure.

The zoning for this property is designated as RC, which corresponds to a Medium Density 3-6 Family District. This classification may offer further insights into the property's potential for future development or use within the established zoning regulations. The property's classification as an investment property, specifically an apartment subtype, underscores its suitability for income generation.