For Sale

Photo of 545 Valley Brook Avenue, Lyndhurst NJ
545 Valley Brook Avenue
Lyndhurst, NJ 07071
Bedrooms
12
Full Baths
11
Partial Baths
1
Age
73
Heating
Gas
Cooling
Central Air
Fireplace
None
Basement
Unfinished
Garage
Park Space
Taxes
$34,625
Additional Details Below

Description

8 UNIT APARTMENT BUILDING! The August is a fully renovated 8 unit, residential apartment building with $20,000 a month gross income. Includes an immense unfinished basement storage rental. This gorgeous one story, 9,646 sf freestanding complex boasts 12 bedrooms, 11.5 bathrooms, laundry in units and all separate utilities. The parking lot consists of 11 spaces total including 1 handicap, 2 covered and 2 tandem in the driveway. There is additional guest parking for about 4 more vehicles tandem in the alley/driveway adjacent to the building. Other highlights include: front entry foyer with mail center, main lobby, rear foyer with half bath, access to parking and unfinished basement w/storage space rental. Each unit is equipped with forced hot, central air, individual water meters, granite counters, led lighting and hardwood and tile flooring throughout. Pet friendly community. Situated on a 76 x 181 lot. Yields a 6.6% cap rate with a net annual income of $188,300

Location

Listing Details for 545 Valley Brook Avenue

Summary
Architectural Type

4 Family

Garage(s)

Carport, Park Space, Tandem

Lifestyle

Close/School, Close/Shopg, Close/Trans, Close/Wrshp, One Floor Living

Interior Features
Basement

Unfinished

Inclusions

Intercom

Laundry

In Unit

Exterior Features
Lot Features

Regular

Utilities
Cooling

Central Air

Heating

Gas, Hot Air

Additional Utilities

Seperate Electric, Seperate Gas, Seperate Heat, Seperate Water

Assessment : 0
Zoning Designation
Lattitude :
Longitude :
MLS Number : 22030183
Listing Courtesy: George Rosko (g.rosko@att.net) of Coccia Realty Better Homes & Gardens/Lyndhurst
Views : 22

Notes

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