15 Lakeview Pl - Multi-Family FOR SALE


Verona, NJ 07044
$1,050,000 USD
201-314-9899
15 Lakeview Pl, Verona, NJ for Sale
$1,050,000 USD
Multi-Family - FOR SALE
1/36
null | Request Cap Rate

15 Lakeview Pl
Verona, NJ 07044


OVERVIEW

Turnkey, income-producing 3-unit property delivering top-of-market rents in one of Essex County's most sought-after communities. 15 Lakeview Place has been fully renovated interior (2021), offering an investor a modernized asset with strong current cash flow and minimal near-term capital requirements.All three units are leased through July 31, 2026, generating a combined $6,559/month ($78,708 annually). Unit mix consists of two 2-bedroom/1-bath apartments and one 1-bedroom/1-bath with rents already at or near market, this is a true stabilized asset ready to perform from day one.Each unit is separately metered with tenants covering their own utilities, keeping operating costs predictable and landlord exposure low. Assigned driveway parking per unit and in-basement laundry round out a tenant-friendly package that supports strong retention.With all leases rolling simultaneously in July 2026, the next owner steps in with a clean, stabilized income stream today and a straightforward path to renewing at market or re-tenanting from a position of strength.Verona continues to command premium rental demand thanks to its top-rated schools, walkable downtown, and direct NYC transit access making 15 Lakeview Place an ideal long-term hold in a high-barrier-to-entry market.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$263 USD /SF

# OF UNITS

3

PRICE/UNIT

$350,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

15 Lakeview Pl

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

20-00612-0000-00019

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Summer FaillaCentury 21-The CrossingMore Info
201-314-9899

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Summer FaillaCentury 21-The CrossingMore Info
201-314-9899

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.