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  • Price$969,000

174-176 Glenwood Ave, Bloomfield

Look no further for your next investment property with $108k in annual income, $63k Net Income and 6.5% cap rate! This 7 family apartment building is in the heart of Bloomfield near the train, bus, and downtown area. Tenants can enjoy coin laundry in the basement, use of the backyard, and being across from Watsessing Park. The property has a great unit mix of three 1 bedrooms, three 2 bedrooms, and one 3 bedroom apartment which are all on annual leases. Tenants pay for gas and electric with separate utilities. Owner pays cold water and common electric. Basement storage units available for additional rent. Easy to maintain with an onsite super. Or live onsite and be rent free! Owner has NJ real estate license.

Essential Information

  • MLS® #1941129
  • Price$969,000
  • Type5+ Mixed Use
  • Style5-25
  • StatusACTIVE

Amenities

  • FeaturesMUNICIPAL WA, GAS, SEWER

Additional Information

  • Date ListedSeptember 5th, 2019

Community Information

  • Address174-176 Glenwood Ave
  • CityBloomfield
  • CountyESSEX
  • StateNJ
  • Zip Code07003

Exterior

  • RoofFLAT
  • Construction2000'S, RENOVATED, 1900-1939, 1980'S

Listing Details

  • Listing OfficeKeller Williams Valley Realty
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NJMLS Logo The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rosa Agency, Inc are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Last date updated: 09/18/2019.

Source: New Jersey Multiple Listing Service, Inc.

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