HIGH CASH FLOW. STRONG LOCATION. ENDLESS POTENTIAL! Welcome to this rare 5-unit, mixed-use investment gem perfectly situated in the high-demand heart of Kearny, NJ. Offering a prime opportunity for savvy investors or 1031 Exchange buyers, this property boasts strong existing income and incredible upside potential. The property generates an impressive Gross Income of $105,600/year with a Net Income of $77,382/year, offering a highly attractive and undervalued 6.45% Cap Rate. Spanning a versatile layout, the apartment units will be delivered completely vacant at closing, allowing you to set your own market rents immediately in an area known for exceptionally high rental demand. Adding massive value to the asset is the rare and extensive parking situation, featuring a 1-car garage plus an expansive lot accommodating 15+ vehicles?a premium commodity in Kearny. Zoned R-2 for strong future upside, this property is built for results, steady cash flow, and long-term appreciation. Don?t miss out on this seamless addition to your portfolio. This opportunity won?t last?schedule your private showing today
Listed By
Agency Name: KELLER WILLIAMS PARK VIEWS
Agency Contact: 201-232-4339
Shown By
Agent Name: Dawn Comiskey -ABR
Agent Phone: (732) 829-2816
Agency Title: Hallmark Realtors
If the email address was found in our system, your password has been sent. Please check your inbox.
Back to Login