649 New Jersey Ave, Lyndhurst, NJ 07071

Discover a prime three-family investment opportunity located at 649 New Jersey Ave in Lyndhurst, NJ. This well-maintained residential income property offers multiple income streams with three distinct rental units: a spacious three-bedroom unit, a two-bedroom unit, and a studio apartment. The property has undergone updates, including new windows and bathrooms, enhancing its appeal and functionality. With a total of six bedrooms and three bathrooms distributed across the units, this property is designed to accommodate a variety of tenant needs.

The property boasts exceptional parking facilities, a significant advantage in the area. It includes four garages, providing secure and convenient storage or parking for vehicles. In addition to the garages, there is parking available for up to four additional vehicles, bringing the total parking capacity to eight spaces. This ample parking is a rare and valuable amenity for residents and their guests. The building is situated on a lot measuring approximately 8,799 square feet, with dimensions of 50 x 176 feet, offering a substantial footprint in a desirable location.

Further enhancing the property's utility is a large basement area, approximately 1,200 square feet. This basement space is currently configured with two additional bedrooms and a full bathroom, offering flexible potential for storage, additional living space, or other permitted uses, subject to buyer verification. The building, originally constructed in 1920, has a total finished square footage of 3,406 square feet, spread across two stories. The property's overall structure is classified as Single Family Residential, though it functions as a multi-family dwelling.

The strategic location of 649 New Jersey Ave is a key investment advantage. Lyndhurst provides the affordability and convenience of Bergen County living with convenient access to New York City. Commuters will appreciate the proximity to public transportation, including two NJ Transit stops offering direct service to Hoboken, which connects to PATH trains for access to Lower Manhattan and Midtown. An express bus to Midtown Manhattan is located just one block away, providing multiple commuting options. The property is also conveniently located near local amenities, including restaurants, cafes, shopping centers, and parks, making it an attractive location for tenants seeking both convenience and a desirable living environment.