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1406 Springfield Ave, IRVINGTON NJ 07111
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Price: $1,690,000
MLS Number: 4037531
Address: 1406 Springfield Ave
Location: IRVINGTON, Essex County
Type: COMML/BUS/5+FAM/MIXED USE
Zoning: Mixed Use
Basement: Full, Unfinished
Taxes: $22,262 (2025)
Remarks:
EXCEPTIONAL MIXED-USE INVESTMENT OPPORTUNITY ON THE DESIRABLE UPPER IRVINGTON/MAPLEWOOD BORDER. COMPLETELY GUTTED AND RENOVATED FROM TOP TO BOTTOM IN 2004, THIS WELL-MAINTAINED CORNER PROPERTY FEATURES FOUR 3-BEDROOM APARTMENTS AND A LARGE COMMERCIAL SPACE OCCUPIED BY A SUCCESSFUL DAYCARE FOR OVER 20 YEARS.PROPERTY FEATURES CENTRAL AIR AND HEAT THROUGHOUT, A 3-CAR GARAGE, FENCED PARKING LOT, AND A FULL UNFINISHED BASEMENT OFFERING POTENTIAL FOR ADDITIONAL COMMERCIAL USE (SUBJECT TO APPROVALS). APPROXIMATELY 4,396 SF PER LEVEL, INCLUDING THE BASEMENT.STRONG CASH FLOW WITH A 6.29% CAP RATE, STABLE TENANTS, AND FUTURE INCOME GROWTH POTENTIAL MAKE THIS AN EXCELLENT INVESTMENT OPPORTUNITY IN ONE OF IRVINGTON'S MOST DESIRABLE NEIGHBORHOODS. FINANCIALS AVAILABLE UPON REQUEST. |
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| Square Feet: | 10000 |
| Year Built: | 1920 |
| Parking: | 2 Car Width, Parking Lot-Exclusive, See Remarks |
| Heating/Cooling Type: | See Remarks |
| Fuel: | See Remarks |
| Siding/Exterior: | Vinyl Siding |
| Roof: | See Remarks |
| Public Util: | Public Sewer |
| Fireplaces: |
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