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Listed by Jason Pierce Prominent Properties Sotheby's International Realty-Tenafly
$ 1,545,000
Est. payment | /mo
$ 1,545,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type 5+Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25017959
Style 5+Family
Property Sub-Type 5+Family
Property Description
Introducing 471 Harrison Ave, Garfield — a fully gut-renovated 5-unit multifamily property offering a strong 5.5% cap rate and stable, consistent rental income. The building consists of four 1-bedroom, 1-bath units and one 3-bedroom, 1-bath unit, all fully occupied with separate utilities for each apartment. Renovated just four years ago, the property features updated interiors, modern finishes, and a coin-operated laundry machine in the basement for added cash flow. Located in a high-demand rental area of Bergen County, this low-maintenance asset is ideal for investors seeking immediate returns and long-term value. Conveniently close to shopping, restaurants, highways, and transit options. Don’t miss this rare opportunity to acquire a fully stabilized building with solid returns in the heart of Garfield.
Location
State NJ
County Bergen
28 Valley Road Suite 1, Montclair, Jersey, 07042, United States