This residential property located at 319 Harrison Ave in Garfield, NJ, presents a unique opportunity with its three distinct residential units. The property encompasses a total of 12 rooms, with 6 bedrooms and 3 full bathrooms distributed across the units. Each unit is designed with a living room, kitchen, two bedrooms, and a full bathroom, offering functional living spaces.
The property generates a combined monthly rent of $4,480, resulting in a yearly gross income of $53,760. With estimated yearly expenses of $17,000, the property offers a net income of $36,760. Two of the units are currently rented below market value, indicating potential for increased revenue. The property is situated in close proximity to essential amenities, including a train station, major highways, schools, a park, and shopping centers, enhancing its appeal and accessibility.
Built in 1950, the property has undergone renovations, with a renovated year noted as 2015. The exterior features a combination of brick and stucco siding, and the roof is described as flat. The lot size is approximately 2,673 square feet, with a level lot description. Parking is available via on-street parking.
The property is equipped with gas natural heating and cooling systems for all three units. Interior features include carbon monoxide detectors, fire extinguishers, and smoke detectors. The basement is described as unfinished. The total finished square footage is listed as 3,066 square feet, with a total square footage of 3,066 square feet. The property is situated in Bergen County.
SERHANT NEW JERSEY LLC
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