Residential Income in Prospect Park Boro

$874,900

139 Fairview Ave, 07508, Prospect Park Boro

Residential Income for sale in Prospect Park Boro, 139 Fairview Ave, 07508

139 Fairview Ave, 07508, Prospect Park Boro

$874,900

5Bed
4Bath
Type: Residential Income

Description

Exceptional and rare investment opportunity in the heart of Prospect Park! This income-producing 4-family property features a desirable unit mix of two 2-bedroom units, one 1-bedroom unit, and one studio apartment, offering diversified rental income and broad tenant appeal. Property highlights include separate utilities and a detached garage. The current rent roll is approximately $6, 500 per month. One 2-bedroom unit is currently vacant, providing immediate leasing potential at market rent. An additional 2-bedroom unit is rented on a month-to-month basis, the 1-bedroom unit is leased at market value, and the studio is currently rented below market value, offering future income growth opportunities. Investors have the potential to increase cash flow through future rent adjustments and strategic management. Whether you're expanding an existing portfolio or seeking a stable multi-family asset with upside potential, this property presents an excellent opportunity in a strong rental market. Conveniently located near shopping, dining, parks, schools, and major transportation routes, with easy access to surrounding towns and commuter options.The entire property has not been photographed and must be seen to be fully appreciated. Security deposit information will be disclosed. All square footage figures are approximate and should not be relied upon as exact measurements.

Location

139 Fairview Ave, 07508, Prospect Park Boro

Data

Object TypeResidential Income
Purchase Price$874,900
Living Space0 m²
Plot Size445.15 m²
Bathrooms4
Construction Year9999
ConditionNot specified
Rooms18

Energy Information

Heating TypeHeat Source: Gas-Natural, Heating Type: 4+ Units
Primary Energy SourceN/A
Construction Year9999
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent