326-328 Cedar Avenue
Highland Park, NJ 08904
4544 sqft | 0.11 acres | #2514140R
Description
This well-maintained, income-producing 4-family property is in excellent condition and ideally located near public transportation (bus and train), major shopping centers, Rutgers University, and local hospitals. Each of the four apartments features separate utilities, newer windows, updated kitchens and flooring, and newer boilers and water heaters. The property includes a new garage roof and floor, freshly painted interiors, new toilets and plumbing, and comprehensive landscaping. Significant upgrades include complete replacement of metal plumbing with PVC piping, newer concrete work, and a new roof (2021). Additional features include dual entrances for all ground-floor units, a brand-new coin-operated washer and dryer hookup in the basement, and ample storage space. With one water meter and individual electric meters for each unit, this property offers both convenience and strong investment potential. Annual Income: $135,000 (one vacant unit projected income) Cap Rate 7.19%
Property Details
- InteriorUnit 1(Dining Room, 3 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 2(3 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 3(2 Bedrooms, Kitc
- Exterior FeaturesPatio, Curbs, Porch(es) - Open, Sidewalk, Porch, Private Entrance, Screens/Storms
- Lot DescriptionNear Shopping, Near Train, Level, Near Public Transit
- BasementFull, Storage Space, Tenant Use, Laundry Facilities
- Parking FeaturesGarage, Detached, 1-2 Car Parking, On Street
- HeatingRadiant, Radiators-Steam
- Utility FeaturesUnderground Utilities
- Community FeaturesCurbs, Sidewalks
- Sewer InformationPublic Sewer
- GasNatural Gas
- OwnershipFee Simple
- CountyMiddlesex
- MLS #2514140R
- Property Subtype4 Family
- MLS #2514140R
- RoofAsphalt
- Taxes Annual$22,507
- Cost1450000
- Acres0.1148
- Parking TypeGarage
- Utility SourcePublic
- WaterPublic
- Square Feet4544
- Year Built1928
- Stories2
- Parking Spaces2
Location
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Last Updated:Â . Source: AJMLS
Listing Courtesy
Listing Agent: ALZIRA FARINHASÂ (#ALZIFARI)
Listing Office: RE/MAX INNOVATION (#RMIN)
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