102 Exton Ave, North Arlington, NJ 07031

This rare four-family residential property, located at 102 Exton Ave in North Arlington, NJ, presents a significant investment opportunity. Situated at the prominent corner of Exton Ave and Forest Street, the property has undergone a complete renovation. It features four distinct apartments, each configured with three bedrooms and one bathroom. Every unit includes a living room and an eat-in kitchen, designed to offer comfortable living spaces and strong rental appeal. The renovations encompass new kitchens, bathrooms, flooring, and paint throughout all four residences, positioning the property for immediate income generation.

A key advantage for investors is the separate utility setup for each of the four apartments, allowing for independent management of expenses and revenue. The property also benefits from additional income streams through a rented two-car garage, currently generating $500 per month, and off-street parking accessible via a dedicated driveway on Exton Ave. The basement area is divided for storage purposes and includes coin-operated laundry facilities, providing a valuable amenity for tenants and an additional revenue source for the owner. The total finished square footage of the property is 3,894 sq. ft., built on a lot size of 5,001 square feet in 1930.

The current annual gross income generated by the property exceeds $127,800, with potential for further upside through strategic management and rental adjustments. This makes it an attractive acquisition for seasoned investors, individuals looking to enter the landlord market for the first time, or owner-occupants seeking to offset mortgage costs. The combination of multiple parking options, including the rented garage, separate utilities, and the property's fully renovated condition, contributes to its strong income-producing potential.

The property is located in Bergen County and offers convenient access for commuters. The structure comprises 12 bedrooms and 4 bathrooms in total across the four units. Annual property taxes are $18,621. The property is equipped with natural gas and electricity utilities. This four-family dwelling represents a scarce offering in a well-positioned area, providing a robust income-generating asset with inherent potential for future growth and value appreciation.