This property at 251 Palisade Ave in Cliffside Park, NJ, presents a distinctive opportunity for investors seeking multiple income streams. The structure is configured with four distinct residential units alongside one commercial unit, providing a versatile setup for generating varied revenue. This arrangement allows for various investment strategies, including residing in one unit while renting out the others, or maximizing income by leasing all units.
The property's location in the desirable Cliffside Park area offers convenient access to essential amenities. Residents and businesses will benefit from proximity to transportation networks, a variety of shopping destinations, and numerous dining establishments. This strategic positioning enhances the property's appeal and potential for consistent occupancy and commercial viability.
The property is classified as a Residential Income type and falls under the Mixed Use sub-type, indicating its capacity for both residential and commercial operations. The exterior features an Asphalt roof, contributing to the property's structural integrity. While specific details regarding bedrooms, bathrooms, and square footage are not provided, the multi-unit configuration suggests significant potential for rental income.
Further details available through county records, updated on May 2, 2023, confirm the property's classification and location within Bergen County. The potential for diverse income generation, combined with its accessible location in Cliffside Park, makes this property a noteworthy consideration for astute investors. The possibilities for income generation and utilization are extensive, inviting prospective buyers to explore its full potential.
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