Frank Della Femina III
128 Highland Ave, Clifton, NJ 07011 Photo
128 Highland Ave, Clifton, NJ 07011 Photo
128 Highland Ave, Clifton, NJ 07011 Photo
128 Highland Ave, Clifton, NJ 07011 Photo
128 Highland Ave, Clifton, NJ 07011 Photo
128 Highland Ave, Clifton, NJ 07011 Photo

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128 Highland Ave Clifton, NJ 07011
$1,300,000
Active / MLS# 4041108 / Multi Unit - Multiple / Clifton
0 Beds
7 Baths
7 Half Baths
9274 SqFt

Exceptional investment opportunity to own a fully occupied 6-unit apartment building with a basement in one of Clifton's most desirable neighborhoods. This solid two-story brick building features six 1-bedroom, 1-bath apartments, all currently rented with leases in place, providing immediate and steady rental income.The property also includes 16 parking spaces, offering an additional source of income. There is an excellent upside potential for future investors by installing a coin-operated laundry facility in the basement or leasing basement storage-bins to tenants, while also increasing revenue through tenant parking fees. Recent improvements include a new roof and a newer water heater, minimizing near-term capital expenses. Conveniently located near schools, shopping, public transportation, and major highways, this property is well- positioned in a high-demand rental market. ROI information is available upon request. Proof of funds or mortgage pre-approval is required before showings can be scheduled.

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Estimated Payment

$ 8,419.01 per month $6,573.51 Principal & Interest $1,466.33 Property Tax $379.17 Homeowner's Insurance

Property Details

Property Type: Multi Unit - Multiple
Basement: Finished-Partially
Basement: Yes
Cooling: Window A/C(s)
Fuel Type: Electric
Heating: Baseboard - Electric
Lot Size: 0.21 Acres
Roof Type: Asphalt Shingle
Stories: 2.0
Taxes: $17,596
Year Built: 1973

Feature Descriptions

Equipment Available: Fire Alarm
Exterior: Brick/Block
Location: Residential Area
Lot Dimensions: 0.21 acre(s)
Max Door height: 0
Owner Pays: Maintenance-Common Area, Sewer
Parking: Off-Street Parking, See Remarks
Sewer: Public Sewer
Tenant Pays: Electric, Heat, Water
Units: 6
Utilities: All Underground
Water: Public Water

Listed By / Shown By

Listed By

Agency Name: RE/MAX PROPERTIES
Agency Contact: 201-315-0884

Shown By

Agent Name: Frank Della Femina III
Agent Phone: (732) 499-0030 ext. 233
Agency Title: Hallmark Realtors

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