575 55th St, West New York Town, NJ

About 575 55th St

This impressive 4-unit property presents a golden opportunity for investors or multi-generational seeking an income-generating asset in a prime location. Boasting four separate units, each with its own distinct layout and charm, this property offers versatility and potential for various living arrangements or rental income streams.Excellent Rental Potential with the high demand for housing in the area, this property presents an exceptional opportunity for generating steady rental income, making it an attractive investment prospect. Meticulously maintained and cared for, this property reflects pride of ownership and assures prospective buyers of its excellent condition. Each unit features ample living space, including multiple bedrooms, bathrooms, and living areas, providing tenants with comfortable and accommodating living quarters. Whether you're looking to rent out all units or occupy one while leasing the others, this property offers a lucrative opportunity to capitalize on the rental market demand in the area. Positioned in a desirable neighborhood with ongoing development and growth, this property holds promising potential for long-term value appreciation. Property was fully renovated in 2019, new roof, new Hvac etc. Detached 3 car garage adding to this already income producing property3 bed $2900 2 bed $2230 1 bed $1700 Studio $550. Annual expenses $19,300 Potential cap rate of 6%

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