Skip To Content

427 E Central Ave

Alpha Boro, NJ 08865
  • $999,900
  • STATUS: Active
  • ON SITE: 9 Days
  • MLS #: 3931051
Price Reduced
$999,900
  • 8
    BEDS
  • 0.22
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1880
County:
Area:

School Ratings & Info

Description

Discover an EXCEPTIONAL INVESTMENT OPPORTUNITY with this Beautifully Newly 2024 REMODELED 5-unit MULTI-FAMILY APARTMENT BUILDING. Ideally situated in DESIRABLE Alpha Boro, this apartment building features 3- 1 Bedroom, 1- 2 Bedroom and 1- 3 Bedroom apartments. With Modern Upgrades throughout, the building boasts a BRAND NEW ROOF, NEW WATER HEATERS, NEW carpet and LVP, updated baths, FRESH PAINT and contemporary kitchens complete with NEW CABINETS, COUNTERTOPS, and STAINLESS-STEEL APPLIANCES. The exterior shines with NEW VINYL SIDING, shutters, and a freshly painted block facade. Enjoy the benefits of a newly installed PAVER PATIO and a stone off-street PARKING LOT, providing ample parking for residents. Each apartment has its OWN ENTRANCE, ensuring privacy and independence. Separate electric meters make for easy management. Utilize the basement for additional storage or coin laundry to maximize profits! This TURNKEY investment property is ready for market-rate tenants, offering a hassle-free opportunity to capitalize on the thriving rental market. Don't miss out on this remarkable property that combines modern living with exceptional curb appeal!

Monthly Payment Calculator



Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trompeter Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Trompeter Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-11-02T23:46:07.02.
www.trompeterrealestate.com/homes/157116670
Print Image

427 E Central Ave Alpha Boro, NJ 08865

  • Price: $999,900
  • Status: Active
  • On Site: 9 Days
  • MLS #: 3931051
8
Beds
5
Baths
0
½ Baths
0.22
Acres
1880
Built
Neighborhood:
Not In A Development
County:
Warren
Area:
Alpha Boro
Property Description
Discover an EXCEPTIONAL INVESTMENT OPPORTUNITY with this Beautifully Newly 2024 REMODELED 5-unit MULTI-FAMILY APARTMENT BUILDING. Ideally situated in DESIRABLE Alpha Boro, this apartment building features 3- 1 Bedroom, 1- 2 Bedroom and 1- 3 Bedroom apartments. With Modern Upgrades throughout, the building boasts a BRAND NEW ROOF, NEW WATER HEATERS, NEW carpet and LVP, updated baths, FRESH PAINT and contemporary kitchens complete with NEW CABINETS, COUNTERTOPS, and STAINLESS-STEEL APPLIANCES. The exterior shines with NEW VINYL SIDING, shutters, and a freshly painted block facade. Enjoy the benefits of a newly installed PAVER PATIO and a stone off-street PARKING LOT, providing ample parking for residents. Each apartment has its OWN ENTRANCE, ensuring privacy and independence. Separate electric meters make for easy management. Utilize the basement for additional storage or coin laundry to maximize profits! This TURNKEY investment property is ready for market-rate tenants, offering a hassle-free opportunity to capitalize on the thriving rental market. Don't miss out on this remarkable property that combines modern living with exceptional curb appeal!
Exterior Features

Approximate Lot Size 0.21 75X125 Color Of Building White/Gray Exterior Description Vinyl Siding Exterior Features CurbsPatioSidewalk Lot Description Level Lot Number Of Parking Spaces 5 Parking Driveway Description GravelOff-Street ParkingOn-Street ParkingParking Lot-Exclusive Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Bilco-Style DoorFullUnfinished Cooling Ceiling Fan Heating Baseboard - Electric Interior Features Carbon Monoxide DetectorCarpetingFire ExtinguisherHigh CeilingsSmoke DetectorWalk-In Closet Total Number Of Rooms 23 Unit1 Appliances Equipment Carbon Monoxide DetectorMicrowave OvenRange/Oven - ElectricSmoke Detector Unit1 Baths 1.0 Unit1 Bedrooms 1 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsEat-In KitchenLiving Room Unit1 Rooms 4 Unit1 Security Deposit 0 Unit1 Sq Ft 0 Unit2 Appliances Equipment Carbon Monoxide DetectorMicrowave OvenRange/Oven - ElectricSmoke Detector Unit2 Baths 1.0 Unit2 Bedrooms 1 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsEat-In KitchenLiving Room Unit2 Rooms 4 Unit2 Sq Ft 0 Unit3 Baths 1.0 Unit3 Bedrooms 1 Unit3 Fireplaces 0 Unit3 Levels 1 Unit3 Room Description BedroomsEat-In KitchenLiving RoomStorage Unit3 Rooms 4 Unit3 Sq Ft 0 Unit4 Appliances Equipment Carbon Monoxide DetectorMicrowave OvenRange/Oven - ElectricSmoke Detector Unit4 Baths 1.0 Unit4 Bedrooms 3 Unit4 Fireplaces 0 Unit4 Levels 2 Unit4 Room Description BedroomsEat-In KitchenLiving RoomStorage Unit4 Rooms 6 Unit4 Sq Ft 0

Property Features

Assessment Total 298900 Building Assessment 231200 Easement Unknown Expenses Include InsuranceTaxes Farm Assessment No Fha Age Restricted No Fuel Type Electric Gross Operating Income 100800 Home Warranty No Land Assessment 67700 Net Operating Income 88970 Renovated Year 2024 Sewer Public Sewer Tax Amount 10329 Tax Rate Amount 3.456 Tax Rate Year 2024 Tax Year 2023 Total Operating Expense 11830 Unit Style See Remarks Unit1 Owner Tenant Pays Tenant Pays ElectricTenant Pays Heat Unit1 Rent 0 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Tenant Pays ElectricTenant Pays Heat Unit2 Rent 0 Unit2 Security Deposit 0 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Tenant Pays ElectricTenant Pays Heat Unit3 Rent 0 Unit3 Security Deposit 0 Unit4 Handicap Modified No Unit4 Owner Tenant Pays Tenant Pays ElectricTenant Pays Heat Unit4 Rent 0 Unit4 Security Deposit 0 Utilities Electric Water Public Water Water Heater Electric Year Built Description Approximate Zoning R-4

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Keller Williams Real Estate: 610-867-8888.


Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trompeter Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Trompeter Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-11-02T23:46:07.02.
 
https://bt-photos.global.ssl.fastly.net/gsmls/orig_boomver_1_3931051-2.jpg https://bt-photos.global.ssl.fastly.net/gsmls/orig_boomver_1_3931051-2.jpg https://bt-photos.global.ssl.fastly.net/gsmls/orig_boomver_1_3931051-2.jpg
Logo
Trompeter Real Estate
355 Varick Street
Jersey City NJ, 07302