232 Stuyvesant Ave, Lyndhurst, NJ 07071

This mixed-use property at 232 Stuyvesant Ave in Lyndhurst, NJ, presents a prime investment opportunity in a high-demand commuter area. Situated near the new train station, the property offers a blend of stability and growth potential. It comprises three residential units and two leased retail storefronts, providing diverse income streams. The first floor includes two retail units and a one-bedroom apartment, while the second floor features two three-bedroom apartments.

Recent updates have been made to key building components, including the roof, furnace, and hot water heater, contributing to the property's operational efficiency. The property benefits from ample off-street parking located in the rear, a valuable amenity for both residents and commercial tenants. Landlord responsibilities include covering the costs of heat, water, and sewer services, with tenants responsible for their cooking gas and electricity usage.

The location offers significant advantages for residents and businesses alike, being just a few houses away from the new Lyndhurst Train Station. This proximity facilitates easy access to New York City via public transportation, as well as convenient access to local stores, restaurants, and nightlife. The area's desirability is further underscored by its recognition as one of NJ's hottest real estate markets.

This property is categorized as Residential Income and falls under the Mixed Use property sub-type, with a style described as Multi-Family (5+ Unit). It is located in Bergen County. The property's strategic position in a thriving community, combined with its income-generating potential and recent updates, makes it a notable find for investors seeking opportunities in the Lyndhurst real estate market.