NJ
Essex
Irvington Twp.
07111
1406 Springfield Ave
1406 Springfield Ave, Irvington Twp., NJ 07111
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Listing Type
Commercial/Industrial
Listing Status
Active
3
$1,690,000

Home Details for 1406 Springfield Ave

Price
$1,690,000
Type
Commercial Sale
Year built
1920
Lot size acres
0.11
County
Essex
Basement
Full, Unfinished
MLS Listing#
4037531
Property Description

Exceptional mixed-use investment opportunity on the desirable Upper Irvington/Maplewood border. Completely gutted and renovated from top to bottom in 2004, this well-maintained corner property features four 3-bedroom apartments and a large commercial space occupied by a successful daycare for over 20 years.Property features central air and heat throughout, a 3-car garage, fenced parking lot, and a full unfinished basement offering potential for additional commercial use (subject to approvals). Approximately 4,396 SF per level, including the basement.Strong cash flow with a 6.29% Cap Rate, stable tenants, and future income growth potential make this an excellent investment opportunity in one of Irvington's most desirable neighborhoods. Financials available upon request.

Property Features
  • Basement
    • Full
    • Unfinished
  • Water Features
    • Public
Listing Courtesy: REALTYLINE - 201-592-1388
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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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