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$ 1,300,000
Est. payment /mo
Active
128 Highland Ave Clifton City, NJ 07011
9,274 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,274 sqft
Price per Sqft $140
MLS Listing ID 4041108
Year Built 1973
Annual Tax Amount $17,596
Tax Year 2025
Lot Size 9,147 Sqft
Property Description
Exceptional investment opportunity to own a fully occupied 6-unit apartment building with a basement in one of Clifton's most desirable neighborhoods. This solid two-story brick building features six 1-bedroom, 1-bath apartments, all currently rented with leases in place, providing immediate and steady rental income.The property also includes 16 parking spaces, offering an additional source of income. There is an excellent upside potential for future investors by installing a coin-operated laundry facility in the basement or leasing basement storage-bins to tenants, while also increasing revenue through tenant parking fees. Recent improvements include a new roof and a newer water heater, minimizing near-term capital expenses. Conveniently located near schools, shopping, public transportation, and major highways, this property is well- positioned in a high-demand rental market. ROI information is available upon request. Proof of funds or mortgage pre-approval is required before showings can be scheduled.
Location
State NJ
County Passaic
Zoning residential
Rooms
Basement Finished-Partially
Interior
Heating Electric
Cooling Window A/C(s)
Equipment Fire Alarm
Heat Source Electric
Exterior
Exterior Feature Brick/Block
Utilities Available All Underground
Roof Type Asphalt Shingle
Building
Story 2
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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