312 6th St - Multifamily 3 Unit Apartment Building Offered at $1,500,000 at a 5.43% Cap Rate Palisades Park, NJ 07650

Office Exclusive "Turn-key" status, the rental market friendly location Multifamily House for future redevelopment of luxury townhouse! Cap 5.43% to Immediate 6%
Great Investment Opportunity in the Heart of Palisades Park Prime location to maximize your portfolio with this fully renovated, income-producing legal 2-family gem. Located in one of Bergen County’s highest-demand rental markets, this property features two sun-drenched units with bonus one bed on ground floor with modern finishes, brand-new kitchens, and separate utilities. With Palisades Park’s consistently surging rent rates and proximity to Broad Ave’s shopping and dining, this is a 'buy-and-hold' dream. Newer mechanicals and a maintenance-free exterior mean you can start collecting premium rents on day one without the headache of immediate repairs."
This property features a total of 7 bedrooms and 5 bathrooms on a oneway street with plenty of street parking. 1st & 2nd features large living room, formal dining room, eat-in-kitchen w/SS appliances, primary bedroom en-suite with primary bathroom, 2 spacious bedrooms & shared full bath, Hardwood floor throughout,Central A/C system & W/D (2nd FL). In addition, the ground floor includes a summer kitchen, large living space, 1 bedroom, full bath w/stall shower and separate walk-out access. Additional features included 2 car garage, 4 car parking space, 50x100 lot for redevelopment, separate meters for utilities, Conveniently located close to shopping, restaurants, NYC transportation buses & highway access and located with park nearby. Great investment opportunity!