57 Grove St, Hackensack, NJ 07601

This legal 3-family residence at 57 Grove St, Hackensack, NJ 07601, presents a compelling opportunity for investors seeking immediate cash flow. The property is fully occupied and maintained, offering a turnkey solution for those looking to capitalize on rental income. A significant advantage is that tenants are responsible for their own utility payments, contributing to lower overhead costs for the owner. The building comprises 6 bedrooms and 4 bathrooms across a total of 2,340 square feet of living space, situated on a lot measuring 50 x 101 feet.

Unit 1 within this triplex is equipped with a boiler and water heater that are both approximately 3 years old, indicating recent updates to essential systems. Unit 3 has also seen recent improvements, featuring a brand-new boiler and a water heater that was replaced just 1 year ago. These updates contribute to the property's operational efficiency and potential for reduced maintenance expenses. The legal triplex zoning eliminates potential zoning compliance issues, securing the long-term value of this asset.

The property offers ample parking with a total of 6 parking spaces available. Built in 1916, this residential income property has been managed to ensure its continued appeal to tenants. The total square footage of the home is 2,340, with 2 stories of living space. The lot size is 5,049 square feet. The property is located in Bergen County.

Conveniently situated minutes from all major highways, this Hackensack location provides easy access to essential amenities. Residents will appreciate the proximity to schools, shopping centers, diverse dining options, and public transportation, enhancing the desirability of the rental units. Annual property taxes are $14,942. This property is a well-maintained, income-generating asset in a strategic location.