Listed by Marcus & Millichap - New Jersey
$1,200,000
122 Elmwood Avenue Irvington
Details
Property Type Multifamily
Sub Type Apartment Building
Units 8
Cap Rate 6.90%
Occupancy 100%
Year Built 1962
Year Renovated 2025
Buildings 1
Stories 2
Parking Spaces 6 per unit
Investment Type Value Add
Multifamily REO | 8 Units | $150,000/unit | Vacancy DeControl | Renovated Units | Upside In Rents
Marketing description
An Eight-Unit Brick Garden-Style Apartment Building with Strong Rental Demand
Six of Eight Units Recently Renovated, with 100 Percent Upside in Two Remaining Units
Additional Income Potential from Seven Parking Spaces & Outdoor Storage
Large Basement With Opportunity to Build Additional Storage Units
Vacancy Decontrol Allows Units to Be Rented at Market Rate Upon Turnover
Located One Block From Springfield Avenue at Sanford Avenue Bus Station
Proximity to New York City, Providing Strong Tenant Demand & Long-Term Appreciation
Listing Contacts
Listed by Marcus & Millichap - New Jersey
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