245 Warren Ave, Fort Lee, NJ 07024

This six-family investment property, located at 245 Warren Ave in Fort Lee, NJ, presents a rare acquisition opportunity. The building is fully occupied and comprises five one-bedroom apartments and one two-bedroom apartment. All units are currently operating under month-to-month leases, which provides the prospective owner with significant upside potential for future rental income adjustments and strategic leasing. This offering is designed for investors seeking to expand their portfolio with a multi-unit asset in a sought-after location.

Constructed in 1975, the property offers a total finished square footage of 5,498 on a lot size of 2,548 square feet. The building stands three stories tall and is classified as a Multi-Family (5+ Unit) style property. Situated in Bergen County, this investment benefits from a strategic position that enhances its appeal to potential tenants. The property is being sold in its current condition, as-is, requiring careful consideration of its existing state.

The location of 245 Warren Ave is a key attribute, offering exceptional convenience. Residents are within walking distance to Abbott Boulevard, providing easy access to a variety of local amenities. Furthermore, the proximity to NYC bus transportation facilitates straightforward commuting to Manhattan, making it an attractive option for professionals. This accessibility to essential services and transportation networks contributes to the property's inherent value and rental demand.

This six-family property represents a substantial investment prospect for individuals or entities focused on the multi-unit real estate market. The combination of a desirable unit mix, a prime Fort Lee location with convenient access to transportation and amenities, and the potential for rental income optimization positions this property as a noteworthy opportunity. Investors are encouraged to explore the potential this asset holds for their portfolio growth and income generation strategies.