273-275 9th St, Palisades Park, NJ 07650

An exceptional investment opportunity is presented with this rare 5-unit multifamily property located at 273-275 9th Street in Palisades Park, New Jersey. This property offers a unique chance to acquire a substantial residential income asset in a sought-after location. Each of the five apartments within the building is designed with functionality and comfort in mind, featuring two bedrooms, one bathroom, a spacious eat-in kitchen, and a dedicated living room. The generous apartment sizes, estimated between 1,000 and 1,200 square feet each, provide ample living space for residents.

The property has been thoughtfully maintained, with some units recently undergoing renovations to enhance their appeal and functionality. All apartments are separately metered for both gas and electricity, allowing for individual utility management by tenants. This feature contributes to efficient operation and cost control for the property owner. The building also includes practical amenities such as coin-operated laundry machines, providing convenience for residents and an additional revenue stream.

Parking is well-accommodated with a two-car garage and an additional three off-street parking spots, addressing a common need in multifamily properties. Furthermore, a bonus work room equipped with a bathroom is available, offering a versatile space that could serve effectively for a property manager or building superintendent. The exterior features an asphalt roof, indicating a well-maintained structural component of the building.

Strategically situated in Palisades Park, this multifamily property benefits from a convenient location. Residents will appreciate the proximity to public transportation options, making commuting accessible. Essential services and amenities are also within easy reach, including schools, various shopping destinations, local parks for recreation, and places of worship, catering to a diverse range of community needs and lifestyles. The property is situated in Bergen County.

This multifamily property is classified as residential income and mixed-use, offering a versatile investment profile. The structure is designed as a multi-family (2-4 Unit) style building, though it comprises five distinct units. The property's location in Palisades Park, NJ 07650, places it within a community known for its accessibility and amenities, making it an attractive prospect for both investors and future residents.