Exceptional investment opportunity to own a fully occupied 6-unit apartment building with a basement in one of Clifton's most desirable neighborhoods. This solid two-story brick building features six 1-bedroom, 1-bath apartments, all currently rented with leases in place, providing immediate and steady rental income.The property also includes 16 parking spaces, offering an additional source of income. There is an excellent upside potential for future investors by installing a coin-operated laundry facility in the basement or leasing basement storage-bins to tenants, while also increasing revenue through tenant parking fees. Recent improvements include a new roof and a newer water heater, minimizing near-term capital expenses. Conveniently located near schools, shopping, public transportation, and major highways, this property is well- positioned in a high-demand rental market. ROI information is available upon request. Proof of funds or mortgage pre-approval is required before showings can be scheduled.
128 Highland Ave, Clifton City NJ 07011-3912
Property City
Clifton City
Property Price
$1,300,000
Year Built
1973
Tax Annual Amount
$17596
TaxYear (*text)
2025
Roof (*text)
Asphalt Shingle
Lot Size Area
0.21
MLS Status
Active
MLS #
4041108
Yearly Tax Rate
6.129
Year Built (*numeric)
1973
Basement
Yes
Roofing (*text)
Asphalt Shingle
Days On Market
0
Basement (*text)
Yes
Cooling (*text)
Window A/C(s)
GarageSpaces
16
Heating
Baseboard - Electric
Lot Size Dimensions
53X175
Data import from
GSMLS