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Listed with Mohamad Sankar | 973-261-3995, Keller Williams Village Square Realty - Wyckoff
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Discover an unparalleled investment opportunity in the heart of the real estate market! This expansive property, covering over half an acre with two separate buildings, stands as one of the largest lots in town. Located in a B-1 Zoning District (Neighborhood Business District), it offers remarkable flexibility and potential. Both buildings have undergone complete renovation and rehabilitation, including new roofs, kitchens, bathrooms, utilities, and more. This ensures a low-maintenance, high-yield investment for years to come. Currently configured with four renovated apartments and an office space with full kithchen and bathrooms, the property boasts an impressive income potential exceeding $138,000 annually! We have created comprehensive floor plans and future plans to add three additional units to the front building, which has partial approvals. This will allow you to thoroughly explore every aspect of this unique offering. Potential to 8 units and gross income of $220,000!
| DAYS ON MARKET | 292 | LAST UPDATED | 7/3/2024 |
|---|---|---|---|
| YEAR BUILT | 0 | COUNTY | MORRIS |
| STATUS | Active | PROPERTY TYPE(S) | Residential Income |
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