Garfield Gardens
Beautiful newly constructed Buildings offering 20 apartments !
Marketing description
New Jersey Homes and Estates has been selected to exclusively market for sale 111 Monroe Street, a recently constructed, multifamily building, in Garfield, New Jersey. The building consists of 20 spacious two-bedroom units with large open Living Room, Dining Room and Kitchen. The property was built in 2020. Each tenant gets two (2) parking spaces with overflow for visitors. The buildings have separate metered units and on-site laundry. Belgian block curb, lighting on poles, security cameras throughout, pristine landscaping, beautiful new concrete sidewalks.
The subject property is located near a railroad station where tenants can access public transportation that can provide access to NYC in 30 minutes. Tenants can also ride NJ Transit 161 Bus into midtown Manhattan in 40 minutes. Additionally, the property has easy access to the Garden State Parkway, I-80 Route 46, Route 3, placing it 16 miles from Manhattan and convenient access to all local airports.
Investment highlights
- Gross annual income $450,600
- No rent control
- Property taxes $90,085
- Two brand new buildings constructed in 2020
- Parking onsite
- All separate utilities
- Totally fenced in site
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