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Listed by Shimon Avrahami Next Realty of Tenafly
$2,150,000
Est. payment /mo
New
275 Grand AVE Leonia, NJ 07605
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Key Details
Property Type Multi-Family
Sub Type 5+Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26026901
Style 5+Family
Property Sub-Type 5+Family
Property Description
This turnkey, fully occupied 6-unit multifamily building (zoned A-3 on a 7,700 sq. ft. lot) offers strong cash flow and immediate rental strength in a premium, high-demand location. Unit Mix & Condition Layout: Consists of five high-demand, spacious 2-bedroom units and one cozy 1-bedroom unit, optimized for stable tenant retention. Renovations: Four of the six units have been recently updated with modern finishes to capture top-of-market rents immediately. Key Infrastructure & Capital Upgrades Zero Deferred Maintenance: Major capital improvements have already been completed, protecting the buyer's bottom line from unexpected expenditures. Safety & Security: Features a brand-new, modernized fire sprinkler system (lowering insurance premiums) and a new intercom system. Parking & Drainage: Includes a newly paved parking lot with 13 off-street spaces (over a 2:1 parking-to-unit ratio) and an engineered professional drainage system to protect the foundation. Exterior: Classic, durable brick facade that translates to minimal ongoing maintenance costs. With all major structural, safety, and unit upgrades already completed, this asset represents a rare, low-management investment opportunity perfect for portfolio growth or 1031 exchange buyers.
Location
State NJ
County Bergen
NEARBY SCHOOL & BUSINESS
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