NJ
Essex
Irvington Twp.
07111
197 Park Pl
197 Park Pl, Irvington Twp., NJ 07111
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Listing Type
Multi Family
Listing Status
Active
35
$725,000

Home Details for 197 Park Pl

Price
$725,000
Type
Residential Income
Bedrooms
10
Bathrooms
5.0
Square feet
NaN
Year built
1921
Lot size acres
0.14
County
Essex
Total rooms
13
Garage
Basement
Finished, Full, Walk-Out Access
Days on site
1
MLS Listing#
4011783
Property Description

Rare opportunity to acquire a uniquely configured multi-income property in Irvington. Currently set up with FIVE separate living spaces, offering flexibility for investors, house hackers, or buyers looking to have separate guest quarters. The main building features: Two 3-bedroom, 1-bathroom full apartments (One currently occupied & one delivered vacant) In addition, the property includes three additional income-producing spaces: A 2-bedroom, 1-bathroom full lower level apartment and a private single-room suite with its own bathroom and kitchenette. Also, a converted studio apartment in the rear of the property. Every unit and space includes its own washer and dryer, a revenue generating amenity that supports strong rental appeal and premium pricing. With only one unit currently occupied, the next owner has the opportunity to reposition rents to market value, continue or expand short-term rental use, house hack and live in one unit while collecting income. This is not a cookie-cutter multi-family! It's a flexible income property designed for someone who understands how to maximize cash flow. Strong rental demand area with convenient access to transportation, shopping, and major routes.

Property Features
  • Basement
    • Finished
    • Full
    • Walk-Out Access
  • Heating Information
    • Forced Air
    • Natural Gas
  • Water Features
    • Public
  • Utilities
    • Underground Utilities
  • Parking
    • Off Street
Listing Courtesy: COLDWELL BANKER REALTY - 732-494-7700
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Garden State MLS.
EXIT PLATINUM REALTY
200 Claremont Ave, Montclair, NJ 07042
John Johnson III
Franchisee
Office
973 746 4777
Agent
908 338 0639
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