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Listed by Ronald Fowlin Coldwell Banker, Metuchen
$725,000
Est. payment /mo
10 Beds
5 Baths
Under Contract
197 Park PL Irvington, NJ 07111
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Key Details
Property Type Multi-Family
Sub Type 2 Family
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 26006469
Style 2 Family
Bedrooms 10
Full Baths 5
Property Sub-Type 2 Family
Property Description
Rare opportunity to acquire a uniquely configured multi-income property in Irvington. Currently set up with FIVE separate living spaces, offering flexibility for investors, house hackers, or multigenerational buyers. The main building features: Two 3-bedroom, 1-bathroom full apartments (One currently occupied & one delivered vacant) In addition, the property includes three additional income-producing spaces: A 2-bedroom, 1-bathroom full lower level apartment and a private single-room suite with its own bathroom and kitchenette. Also, a converted studio apartment in the rear of the property. Every unit and space includes its own washer and dryer, a revenue generating amenity that supports strong rental appeal and premium pricing. With only one unit currently occupied, the next owner has the opportunity to reposition rents to market value, continue or expand short-term rental use, house hack and live in one unit while collecting income, accommodate extended or multigenerational living. This is not a cookie-cutter multi-family! It's a flexible income property designed for someone who understands how to maximize cash flow. Strong rental demand area with convenient access to transportation, shopping, and major routes.
Location
State NJ
County Essex
Interior
Laundry In Unit
NEARBY SCHOOL & BUSINESS
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