275 Grand - Apartments FOR SALE


Leonia, NJ 07605
$2,150,000 USD
201-338-2772
275 Grand, Leonia, NJ for Sale
$2,150,000 USD
Apartments - FOR SALE
1/33
null | 6% Cap Rate

275 Grand
Leonia, NJ 07605


OVERVIEW

Turnkey 6-Unit Multifamily Investment | Premium Location & Major Capital Upgrades Excellent cash flow meets worry-free ownership. This exceptionally well-maintained, brick-faced 6-unit building offers a rare combination of immediate rental strength, high-demand unit layouts, and massive recent capital improvements. Situated in a highly desirable pocket on a generous 7,700 sq. ft. lot (Zoned A-3), this property is a true "plug-and-play" asset perfect for 1031 exchange buyers or portfolio growth. The building is fully occupied. The Unit Mix & Strong Rental Demand features a highly rentable, investor-preferred layout optimized for stable tenant retention: Consists of 5 Spacious Two-Bedroom Units: The highest-demand layout for families and working professionals looking for extra space. 1 Cozy One-Bedroom Unit: Perfect for a single professional or couple, ensuring a low-vacancy profile. Turnkey Condition: 4 out of the 6 units have been recently renovated with modern finishes, allowing you to capture top-of-market rents immediately. Extensive Capital Upgrades (Zero Deferred Maintenance) Unlike most older multifamily assets, this building has been systematically upgraded with high-ticket infrastructure improvements, protecting your bottom line from unexpected capital expenditures: Brand New Fire Sprinkler System: Fully modernized to satisfy the latest safety standards, significantly lowering insurance premiums and ensuring tenant safety. New Parking Lot with 13 Off-Street Spots: A newly paved asphalt lot features an exceptional 13 dedicated parking spaces—a massive premium for tenants in this submarket (over a 2:1 parking-to-unit ratio). New Professional Drainage System: Engineered and installed alongside the new parking lot to seamlessly manage runoff and protect the property's foundation for decades to come. New Intercom system. Classic Brick Facade: Durable, low-maintenance brick exterior translates to minimal exterior painting or upkeep costs over time. Property & Location Highlights Zoning: A-3 Zoning on a highly usable 7,700 sq. ft. lot, offering excellent long-term land value and regulatory stability. Prime Location: Situated in a high-demand rental corridor with quick access to local shopping, dining, transit, and major commuter routes. Tenants will love the convenience, and you will love the consistent demand. Investor Note: With the heavy lifting already done—including the parking lot, major drainage, fire safety, and internal unit renovations—this property represents an incredibly rare, low-management multifamily asset. Contact us today to receive the full financial package, rent roll, and to schedule a private walkthrough. Showings require 24–48 hours' notice out of respect for the tenants.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$581 USD /SF

# OF UNITS

6

PRICE/UNIT

$358,333

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1977

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

A-3

APN/PARCEL ID

29-01210-0000-00007

ASK ABOUT THIS PROPERTY

Shimon AvrahamiNext RealtyMore Info
201-338-2772

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Shimon AvrahamiNext RealtyMore Info
201-338-2772

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