This Garfield, New Jersey property at 319 Harrison Ave presents a multi-unit residential opportunity with three distinct living spaces. The building comprises a total of 12 rooms, including six bedrooms and three full bathrooms distributed across the units. Each unit is designed with a living room, kitchen, two bedrooms, and a full bathroom. The property is situated on a level lot measuring approximately 2,673 square feet.
The property is configured to generate income, with current rental rates of $1,250 for Unit 1, $2,030 for Unit 2, and $1,200 for Unit 3, totaling $4,480 per month. This results in a yearly gross income of $53,760. The estimated yearly expenses are approximately $17,000, leading to a net income of $36,760. Two of the units are currently rented below market value, indicating potential for increased revenue.
Built in 1950, the property has undergone renovations, with a renovated year noted as 2015. Exterior features include brick and stucco siding, and a flat roof. Interior features include carbon monoxide detectors, fire extinguishers, and smoke detectors. The heating and cooling systems are provided for each of the three units separately, utilizing natural gas for heating.
Conveniently located, the property offers proximity to a train station, major highways, schools, a park, and shopping areas. Utility services include public water and sewer, with natural gas available. Parking is available via on-street parking. The property is within the 07026-1449 postal code and is part of Bergen County.
The total finished square footage is listed as 3,066, with an approximate lot size of 2,673 square feet. The property is classified as a single-family residential style. Property taxes for 2025 are listed at $11,908. The building was originally constructed in 1920 according to county records, with a renovation in 2015. The property includes a basement, described as unfinished.
SERHANT NEW JERSEY LLC
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