616 Stuyvesant Ave, Irvington Twp., NJ 07111

Income producing property: 4 brs / 2.5-bath colonial is conveniently located within walking distance of NYC buses. The basement includes a half bath and a flexible bonus room that can serve as a fourth bedroom. Situated in a light commercial area, the property also features an income-generating business yielding $1,250 per month, an excellent opportunity for passive income and mortgage offset. Current annual rent roll $39,000 (potential annual rent roll $48,000 / annual taxes $13,546). Unit 1 - The first level boasts an updated eat-in kitchen with quartz counter tops, gray shaker cabinets, crown molding, and S/S appliances. This level also comes with an expansive living room accommodating any oversized furniture and a bedroom, for those who prefer to limit their use of stairs. The second level comes with two generously sized bedrooms with huge closet space. The full bathroom includes a luxurious soaking tub with built-in shower accessories as well as an elegant woodgrain vanity. This … read more …