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Listed by Luis Pinto The Bixler Group, LLC
$1,399,000
Est. payment /mo
Under Contract
19 Franklin AVE Harrison, NJ 07029
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Key Details
Property Type Multi-Family
Sub Type 5+Family
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 26020120
Style 5+Family
Property Sub-Type 5+Family
Property Description
Rare 6-family opportunity in Harrison, NJ! This 3-story frame walk-up is located in a desirable section of town near West Hudson Park, shopping, schools, transportation, municipal parking, and the Harrison PATH train with quick access to NYC. The property needs TLC but features 6 spacious railroad-style apartments with a mix of 2-bedroom and 3-bedroom layouts, separate gas, electric, hot water, and 6 separate gas hot water baseboard heating systems. The full basement offers tenant storage, including a larger storage room for Apartment #1, Current monthly rental income is approximately $7,150, with gross yearly income of $85,800. Yearly expenses are approximately $20,150, creating an estimated net yearly income of $65,650. No rent control, state inspected, and a strong long-term rental investment in one of Harrison’s desirable markets.
Location
State NJ
County Hudson
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