NJ
Essex
Irvington Twp.
07111
98 Delmar Pl
98 Delmar Pl, Irvington Twp., NJ 07111
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Listing Type
Multi Family
Listing Status
Active
40
$724,500

Home Details for 98 Delmar Pl

Price
$724,500
Type
Residential Income
Bedrooms
5
Total Bathrooms
3
Full Bathrooms
3
Square feet
20997
Year built
1930
Lot size acres
0.08
County
Essex
Total rooms
10
Garage
2
Basement
Partially Finished
MLS Listing#
4032552
Property Description

Large Multi Family Opportunity in Irvington with 3 separate units! Spacious 5 bedroom, 3 full bath property situated on a large lot with a detached two car garage, ample parking, and strong value add potential by renovating the basement. A new driveway can be installed prior to closing for offers over the list price. The first and second floors each offer spacious 2 bedroom units, while the third floor features a 1 bedroom apartment, creating flexible options for an owner occupant, house hacker, or investor looking to reduce their taxes through cost segregation. The large full basement includes three additional rooms and a full bath, additional storage and laundry area. The second floor unit is currently rented for $2,100 and used as a 3 bedroom apartment by accessing the apartment from the rear and not utlitizing the living room. Unit 1 & 3 are currently vacant and recently renovated. Potential future rental income may reach approximately $7,800+ per month based on projected rents of $3,500 for the 1st floor unit including basement access, unit 2 $2,500 , and unit 3 $1,800, with possible additional income from washer/dryer access, parking, WiFi, storage and garage access. Conveniently located near South Orange and Maplewood amenities, parks, shopping, dining, public transportation, and major commuter routes. Professional pictures will be updated shortly. Property may be eligible for grant programs through approved lenders.

Property Features
  • Heating Information
    • Baseboard
    • Natural Gas
  • Parking
    • Off Street
    • Detached
  • Cooling Information
    • Window Unit(s)
  • Water Features
    • Public
  • House Interior
    • Walk-In Closet(s)
  • Utilities
    • Underground Utilities
  • Basement
    • Partially Finished
Listing Courtesy: RE/MAX FIRST REALTY II - 908-664-1500
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EXIT ALL STATE REALTY
2780 Morris Ave Unit 1 A, Union, NJ 07083
Office
908 378 5170
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