7
See all 7 photos
$895,000
Est. payment /mo
8 Beds
4 Baths
6,098 Sqft Lot
Under Contract
20 Grand St Garfield City, NJ 07026
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Key Details
Property Type Multi-Family, Commercial
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 4006046
Style 2-Two Story
Bedrooms 8
Full Baths 4
Year Built 1940
Annual Tax Amount $13,758
Tax Year 2024
Lot Size 6,098 Sqft
Property Description
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.
Location
State NJ
County Bergen
Rooms
Basement Bilco-Style Door, Unfinished
Interior
Interior Features Carbon Monoxide Detector, Smoke Detector
Heating Gas-Natural
Cooling None
Heat Source Gas-Natural
Exterior
Exterior Feature Brick
Utilities Available Electric, Gas-Natural
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Sewer Public Sewer
Water Public Water
Architectural Style 2-Two Story
Others
Senior Community No
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