This unique side-by-side three-family property at 327 Newark Ave in Lyndhurst, NJ, presents a versatile investment opportunity. Built in 1940, the residential income property offers an exceptional layout with townhouse-style units, appealing to both owner-occupants and investors. Each unit is designed with a private entrance, providing a sense of individual living. The total finished square footage across the property is 2,860 square feet, situated on a lot size of 2,962 square feet.
Within each unit, residents will find a full basement offering ample storage solutions, alongside dedicated laundry facilities for convenience. The first floor of each unit comprises a bright living room and an eat-in kitchen, designed for comfortable daily living. The second floor is thoughtfully laid out with two bedrooms and a home office, providing flexible space for residents. Each unit is completed with a full bathroom, contributing to the property's total of three full bathrooms.
A notable feature of this multi-family property is the inclusion of a private fenced backyard for each unit. This uncommon amenity provides residents with dedicated outdoor space suitable for relaxation, entertaining, or for use by pets. The property benefits from utilities including Natural Gas Available, Electricity Connected, Natural Gas Connected, and Water Connected, ensuring essential services are in place for its residents.
The location of 327 Newark Ave offers significant advantages, being conveniently situated just minutes from various shopping centers, diverse restaurants, local parks, and schools. Commuters will appreciate the proximity to major highways and New York City transportation options, making it an accessible choice for those working in the city. This property represents a distinct opportunity in Bergen County, known for its desirable commuter towns.
This property is listed for sale and offers a blend of privacy, functionality, and accessibility. Whether the goal is to expand an investment portfolio or to reside in one unit while generating rental income from the others, this property provides a unique proposition. The annual property taxes are reported at $12,893.
RE/MAX Trading Places LLC - Hasbrouck Heights
201-889-5940
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