106 Chestnut St, Garfield, NJ 07026

This side-by-side two-family residence is located at 106 Chestnut Street in Garfield, New Jersey. The property is situated on a lot measuring 50 feet by 125 feet, totaling 6,250 square feet. Built in 1920, this home offers a total of 3 bedrooms and 2 full bathrooms across its two units. The property includes 5 parking spaces, with a detached two-car garage providing additional storage and parking capacity.

Unit 1 of the home is vacant and features one bedroom, one full bathroom, a living room, and a kitchen. This unit presents an opportunity for immediate occupancy or customization. Unit 2 is currently tenant-occupied, with a lease extending through November 2026. This unit comprises two bedrooms, one full bathroom, a living room, and a kitchen, offering potential rental income.

The property includes a full, unfinished basement, providing ample space for storage or potential future development. Laundry facilities are located in the basement. The home requires updating and renovation throughout, with specific attention noted for the bathroom in Unit 2. The property is being sold strictly AS IS, and the seller will not be making any repairs.

This offering represents a value-add opportunity with income potential, situated in a desirable side-by-side layout. The property is zoned for residential income and is a multi-family dwelling. Utilities available include natural gas and electricity. The annual property taxes are $8,507.

The total finished square footage for the home is 1,166 square feet. The property is located in Bergen County. Nearby neighborhoods include Downtown, Lakeview, Eastside Passaic, Saddle Brook, and Botany Section.