1279-1283 Springfield Ave 2 biens | Immeuble residentiel | À vendre | 2 120 525 € | Irvington, NJ

TWO PROPERTIES CAN BE SOLD SEPARATELY OR TOGETHER. COMBINED LOT SIZE OF 17,054 SF
1279-1281 Springfield Ave - Block 344, Lot 13 - asking $1,650,000
1283 Springfield Ave - Block 344, Lot 12 - asking $850,000
This investment property portfolio is currently generating an annual gross rent of $220,663 (from 10 residential units). After deducting operating expenses, the NOI is currently at $166,163. Another value add for this property is the prospective subdivision and development project that can be explored for the vacant land in rear portion of the property. See attached Survey and Offering Memorandum.
Discover a premier investment opportunity at 1279-1283 Springfield Ave, Irvington, NJ! This Fully Leased two property multifamily portfolio totaling 9,600 SF rentable space is strategically located in a vibrant neighborhood, with substantial returns. Boasting excellent proximity to major transportation hubs and urban amenities, it ensures high tenant demand and occupancy rates. The property's 1, 2, & 3 BR unit configurations cater to a wide range of renters and maximizing rental income. With more land included for development opportunity and Irvington's ongoing development and revitalization efforts, this asset presents a compelling case for capital appreciation and long-term growth. Seize this chance to invest in a thriving market with robust income.