61-63 Grove St, Hackensack, NJ 07601

This exceptional investment opportunity is situated in Bergen County, offering a substantial income-producing potential. The property comprises five legal residential units distributed across two distinct buildings, complemented by a one-car garage. The front building is a four-family residence featuring a finished basement, while the rear structure is a separate single-family home. This configuration provides a diverse rental portfolio within a single offering.

The front building contains two apartments, each with two bedrooms and one bathroom, offering spacious living rooms and kitchens. Additionally, there are two larger units, each featuring three bedrooms, a living room, and a kitchen, with living space extending across the second and third floors. All units are equipped with separate utilities, have been consistently maintained, and are currently fully rented, ensuring immediate rental income for the new owner. This setup is designed for efficient management and tenant satisfaction.

The rear single-family home provides an additional rental income stream. This residence includes two bedrooms and one full bathroom. It also features a finished basement with laundry facilities, granite countertops, attractive hardwood floors, and modern finishes throughout. The property benefits from separate utilities for all units, newer water heaters, a recently updated roof, a driveway, fencing, paver improvements, and ample off-street parking. These features contribute to the property's overall appeal and low maintenance requirements.

This well-maintained property is in excellent condition, presenting a turnkey investment solution. Its strategic location offers convenient access to major highways, schools, shopping centers, and public transportation options. This accessibility makes the property highly desirable for tenants, enhancing its rental appeal and long-term investment value. The property was built in 1926 and includes a total of 3,361 finished square feet across the units, with a lot size of 5,001 square feet.