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1406 Springfield Avenue, IRVINGTON NJ 07111
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Price: $1,690,000
MLS Number: 26028731
Address: 1406 Springfield Avenue
Location: IRVINGTON, NJ, Essex County
Type: 5+ FAMILY/MIXED USE
Zoning:
Bathrooms: full bath(s)
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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| Year Built: | 1900 |
| Fireplaces: |
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Listing Broker: Realtyline , 201-592-1388
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