The August is a fully renovated 8 unit, residential apartment building with an immense unfinished basement for 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% cap rate with a net annual income of $188,300.
This multi-family property located at 545 Valley Brook Ave, Lyndhurst, NJ 07071 is currently listed for sale with an asking price of $3,125,000. Search Lyndhurst real estate on www.jjelekrealty.com today.
Agency Name: COCCIA REALTY BHGRE
Agency Phone: 201-939-8900
Agency Title: JJ Elek Realty
Estimated Payment$ 16,158.68 per month $13,116.63 Principal & Interest $2,130.58 Property Tax $911.46 Homeowner's Insurance