About 545 Valley Brook Avenue
8 UNIT APARTMENT BUILDING! The August is a fully renovated 8 unit, residential apartment building with $20,000 a month gross income. Includes an immense unfinished basement storage rental. This gorgeous one story, 9,646 sf freestanding complex boasts 12 bedrooms, 11.5 bathrooms, laundry in units and all separate utilities. The parking lot consists of 11 spaces total including 1 handicap, 2 covered and 2 tandem in the driveway. There is additional guest parking for about 4 more vehicles tandem in the alley/driveway adjacent to the building. Other highlights include: front entry foyer with mail center, main lobby, rear foyer with half bath, access to parking and unfinished basement w/storage space rental. Each unit is equipped with forced hot, central air, individual water meters, granite counters, led lighting and hardwood and tile flooring throughout. Pet friendly community. Situated on a 76 x 181 lot. Yields a 6.6% cap rate with a net annual income of $188,300
Features of 545 Valley Brook Avenue
| MLS® # | 22030183 |
|---|---|
| Price | $2,850,000 |
| Bedrooms | 12 |
| Bathrooms | 12.00 |
| Full Baths | 11 |
| Half Baths | 1 |
| Type | 2-4 Family |
| Sub-Type | 4FAM |
| Style | OTHER |
| Status | ACTIVE |
Community Information
| Address | 545 Valley Brook Avenue |
|---|---|
| City | Lyndhurst |
| County | BERGEN |
| State | NJ |
| Zip Code | 07071 |
Amenities
| Amenities | CLOSE/SCHOOL, CLOSE/SHOPG, CLOSE/TRANS, CLOSE/WRSHP, ONE FLOOR LIVING |
|---|---|
| Utilities | SEP ELEC, SEP GAS, SEP HEAT, SEP WATER |
| Features | NONE, INTERCOM |
| Garages | PARK SPACE, O/SEE REMK, TANDEM, CARPORT |
| View | NONE |
| Is Waterfront | Yes |
| Waterfront | NONE |
| Has Pool | No |
Interior
| Heating | GAS, HOT AIR |
|---|---|
| Fireplace | Yes |
| Fireplaces | NONE |
| Has Basement | Yes |
| Basement | UNFINISHED |
Exterior
| Exterior | BRICK |
|---|---|
| Lot Description | REGULAR |
| Construction | 1950'S, RENOVATED |
Additional Information
| Date Listed | August 12th, 2022 |
|---|---|
| Foreclosure | No |
| RE / Bank Owned | No |
Listing Details
| Agent | George Rosko |
|---|---|
| Office | Coccia Realty Better Homes & Gardens/Lyndhurst |