139 Fairview Ave,Prospect Park Boro, NJ 07508
Prospect Park Boro, NJ 07508
Description
Exceptional and rare investment opportunity in the heart of Prospect Park! This income-producing 4-family property features a desirable unit mix of two 2-bedroom units, one 1-bedroom unit, and one studio apartment, offering diversified rental income and broad tenant appeal. Property highlights include separate utilities and a detached garage. The current rent roll is approximately $6,500 per month. One 2-bedroom unit is currently vacant, providing immediate leasing potential at market rent. An additional 2-bedroom unit is rented on a month-to-month basis, the 1-bedroom unit is leased at market value, and the studio is currently rented below market value, offering future income growth opportunities. Investors have the potential to increase cash flow through future rent adjustments and strategic management. Whether you're expanding an existing portfolio or seeking a stable multi-family asset with upside potential, this property presents an excellent opportunity in a strong rental market. Conveniently located near shopping, dining, parks, schools, and major transportation routes, with easy access to surrounding towns and commuter options.The entire property has not been photographed and must be seen to be fully appreciated. Security deposit information will be disclosed. All square footage figures are approximate and should not be relied upon as exact measurements.
Details
| MLS # | 4035708 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 9999 |
| Days On Site | 109 |
| Listing Provided By | EXP REALTY, LLC | MARISA WATLEY |
Features
| Bath(s) | 4 Total |
|---|---|
| Garage | 1 |
| Basement | Y |
Taxes
| Property | 15571 |
|---|
Area Information
| State | NJ |
|---|---|
| County | Passaic |
| City | Prospect Park Boro |
| Zip Code | 07508 |
| Area | Passaic |
| Listing VS Median (in 07508) | |
Price: $874,900 low | high Med: $769,000 On site: 109 low | high Med: 18 | |
Market Activity 07508
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Learn More About This Property
| State | NJ |
|---|---|
| County | Passaic |
| City | Prospect Park Boro |
| Zip Code | 07508 |
| Area | Passaic |
| Listing VS Median (in 07508) | |
Price: $874,900 low | high Med: $769,000 On site: 109 low | high Med: 18 | |
