Active

575 55Th St

West New York Town NJ, 07093

$1,199,000


$337.75 per sqft

Active

6 Beds

4.5 Baths

3,550 sqft

Multi-family

This impressive 4-unit property presents a golden opportunity for investors or multi-generational seeking an income-generating asset in a prime location. Boasting four separate units, each with its own distinct layout and charm, this property offers versatility and potential for various living arrangements or rental income streams.Excellent Rental Potential with the high demand for housing in the area, this property presents an exceptional opportunity for generating steady rental income, making it an attractive investment prospect. Meticulously maintained and cared for, this property reflects pride of ownership and assures prospective buyers of its excellent condition. Each unit features ample living space, including multiple bedrooms, bathrooms, and living areas, providing tenants with comfortable and accommodating living quarters. Whether you're looking to rent out all units or occupy one while leasing the others, this property offers a lucrative opportunity to capitalize on the rental market demand in the area. Positioned in a desirable neighborhood with ongoing development and growth, this property holds promising potential for long-term value appreciation. Property was fully renovated in 2019, new roof, new Hvac etc. Detached 3 car garage adding to this already income producing property3 bed $2900 2 bed $2230 1 bed $1700 Studio $550. Annual expenses $19,300 Potential cap rate of 6%

3891664

MLS ID

April 2, 2024

Updated

Map

575 55Th St
West New York Town NJ, 07093

Interior Features

Total Stories

2


Bedrooms

6 Beds


Bathrooms

4.5 Baths


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air, Natural Gas

Exterior/Building Features

Lot Size

0.06 Acres


Architectual Style

2-Two Story, Fourplex


Sewer

Public Sewer

Other Property Details

Taxes

$13,886


Tax Frequency

Annually


Days on Market

14


Garage

Yes


Garage Spaces

3


Parking

On Street, Oversized, Detached


Parking Total

3


View

No


County

Hudson


Water Source

Public


Pool

No

Listing History

Date

Event

Price

4/2/2024

Price Change

$1,199,000

-8%

3/26/2024

Price Change

$1,299,999

-14%

3/21/2024

Active

Courtesy of MID STATE REALTY with ROSE MARIE GEORGIANNA,
Listing Contact: 6094558565 

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