312 6th St - Apartments FOR SALE


Palisades Park, NJ 07650
$1,500,000 USD
201-665-5544
312 6th St, Palisades Park, NJ for Sale
$1,500,000 USD
Apartments - FOR SALE
1/8
null | 5.47% Cap Rate

312 6th St
Palisades Park, NJ 07650


HIGHLIGHTS

  • townhouse zoning
  • income producing
  • immediate cashflow

OVERVIEW

"Turn-key" status, the rental market friendly location Multifamily House for future redevelopment of luxury townhouse! Cap 5.43% to Immediate 6% Great Investment Opportunity in the Heart of Palisades Park Prime location to maximize your portfolio with this fully renovated, income-producing legal 2-family gem. Located in one of Bergen County’s highest-demand rental markets, this property features two sun-drenched units with bonus one bed on ground floor with modern finishes, brand-new kitchens, and separate utilities. With Palisades Park’s consistently surging rent rates and proximity to Broad Ave’s shopping and dining, this is a 'buy-and-hold' dream. Newer mechanicals and a maintenance-free exterior mean you can start collecting premium rents on day one without the headache of immediate repairs." This property features a total of 7 bedrooms and 5 bathrooms on a oneway street with plenty of street parking. 1st & 2nd features large living room, formal dining room, eat-in-kitchen w/SS appliances, primary bedroom en-suite with primary bathroom, 2 spacious bedrooms & shared full bath, Hardwood floor throughout,Central A/C system & W/D (2nd FL). In addition, the ground floor includes a summer kitchen, large living space, 1 bedroom, full bath w/stall shower and separate walk-out access. Additional features included 2 car garage, 4 car parking space, 50x100 lot for redevelopment, separate meters for utilities, Conveniently located close to shopping, restaurants, NYC transportation buses & highway access and located with park nearby. Great investment opportunity!

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$300 USD /SF

# OF UNITS

2

PRICE/UNIT

$750,000

CAP RATE

5.47%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multifamily

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1980

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,106 SF

ZONING

2fam

APN/PARCEL ID

45-00402-0000-00003

ASK ABOUT THIS PROPERTY

Audrey LeeReal Estate Investment,Sales & Management of NYNJMore Info
201-665-5544

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Audrey LeeReal Estate Investment,Sales & Management of NYNJMore Info
201-665-5544

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