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Photo of 326-328 Cedar Avenue, Highland Park NJ
326-328 Cedar Avenue
Highland Park, NJ 08904
Bedrooms
11
Full Baths
0
Acres
0.1148
Age
97
Heating
Radiators-Steam
Gas
Natural Gas
Cooling
Window Unit
Water
Public
Sewer
Public
Basement
Full
Taxes (2023)
$22,507
Garages
2
Parking
Detached
Additional Details Below

Description

Rare Three 3 bedroom units and One 2 bedroom unit $135,000 annual gross income!!!! Low insurance. Low maintenance. Dry basement, newer roof, maintenance free landscaping, 2 garages plus extra parking spaces. Tenants pay electric and gas. This well-maintained, income-producing 4-family property is in excellent condition and ideally located near public transportation (bus and train), major shopping centers, Rutgers University, and local hospitals. Each of the four apartments features separate utilities, newer windows, updated kitchens and flooring, and newer boilers and water heaters. The property includes a new garage roof and floor, freshly painted interiors, new toilets and plumbing, and comprehensive landscaping. Significant upgrades include complete replacement of metal plumbing with PVC piping, newer concrete work, and a new roof (2021). Additional features include dual entrances for all ground-floor units, a brand-new coin-operated washer and dryer hookup in the basement, and ample storage space. With one water meter and individual electric meters for each unit, this property offers both convenience and strong investment potential. Annual Income: $135,000 (one vacant unit projected income)

Location

Listing Details

Summary
Design Type

Multi Family

Parking

Garage, Detached, 1-2 Car Parking, On Street

Interior Features
Basement

Full, Storage Space, Tenant Use, Laundry Facilities

Interior Features

Unit 1 (Dining Room,3 Bedrooms,Kitchen,1 Bath,Living Room), Unit 2 (3 Bedrooms,Kitchen,1 Bath,Living Room), Unit 3 (2 Bedrooms,Kitchen,1 Bath,Living Room), Unit 4 (3 Bedrooms,Kitchen,1 Bath,Living Room)

Appliances

Water Heater(Gas), Water Heater, Unit 1 (Range/Oven,Refrigerator), Unit 2 (Range/Oven,Refrigerator), Unit 3 (Range/Oven), Unit 4 (Range/Oven,Refrigerator)

Exterior Features
Roofing

Asphalt

Lot Features

Near Shopping, Near Train, Level, Near Public Transit

Exterior Features

Patio, Porch(es) - Open, Sidewalk, Porch, Private Entrance, Screens/Storms, Patio, Porch(es) - Open, Porch

HOA/Condo Information
Community Features

Curbs

Utilities
Cooling

Ceiling Fan(s),A/C Window Unit(s)

Heating

Radiant, Radiators-Steam

Sewer

Public Sewer

Water

Public

Additional Utilities

Underground Utilities

Miscellaneous

Assessment : 0
Zoning:
Lattitude : 40.493666
Longitude : -74.432066
MLS# : 2514140R
Views : 4
Listing Courtesy: RE/MAX INNOVATION

Notes

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