20 Grand St, Garfield City NJ 07026-3388

Property City
Garfield City
Property Media
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Property Price
$895,000
Bedrooms
8
Year Built
1940
Tax Annual Amount
$13758
TaxYear (*text)
2024
Roof (*text)
Asphalt Shingle
Lot Size Area
0.14
MLS Status
Active
MLS #
4006046

Investor?s dream opportunity! This fully rented 4-family property offers immediate cash flow with all units on month-to-month leases, providing maximum flexibility for rent optimization. Each unit features 2 bedrooms and 1 bathroom, with the two upper units offering an additional sitting room. The building is equipped with four separate electric meters, along with a mix of heating systems?two units with forced hot air and two with baseboard heat. While the property requires updating, it presents a strong value-add opportunity to significantly increase long-term returns. Flood insurance is required. A well-underutilized asset with substantial upside potential.

Yearly Tax Rate
3.337
Year Built (*numeric)
1940
Basement
Yes
Roofing (*text)
Asphalt Shingle
Days On Market
14
Basement (*text)
Yes
Cooling (*text)
None
GarageSpaces
0
Heating
4+ Units, Baseboard - Hotwater, Forced Hot Air
Lot Size Dimensions
6125 SF
Property Location

40.86988, -74.1114

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GSMLS
buynjhome Jagdeep

Jagdeep Singh

+1(848)242-6762