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$ 690,000
Est. payment /mo
Open Sat 1PM-4PM
215 Macarthur Ave Garfield City, NJ 07026
5 Beds
3 Baths
1,868 SqFt
Open House
Sat Oct 24, 1:00pm - 4:00pm
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,868 sqft
Price per Sqft $369
MLS Listing ID 4055619
Style 2-Two Story
Bedrooms 5
Full Baths 3
Year Built 1913
Annual Tax Amount $8,043
Tax Year 2025
Lot Size 2,613 Sqft
Property Description
Turnkey 2-family investment in Garfield, extensively renovated in 2025. Unit 1 (1st floor, finished basement delivered vacant): 2 bedrooms, living room, kitchen and full bath on the main level with direct backyard access, new deck and storage unit, plus a private finished basement suite with 1 bedroom, kitchenette, brand-new full bath and small living area, and private laundry. Projected rent $3,000-$3,300/mo, or owner-occupy. Unit 2 (upper): 2 bedrooms (one with walk-in closet/den space), living room, new kitchen and bath; leased at $2,200/mo through Feb 2027, projected market rent $2,500-$2,700/mo. Updates: marble countertops, new kitchens on all floors, new flooring, new electrical panels, new plumbing, new 2nd-floor windows, digital key entry on all doors. Projected gross income $66,000-$69,600/yr; est. cap rate 8.3%-8.8% based on taxes and water only, before vacancy, insurance and repairs; buyers to verify. Taxes $8,043; water approx. $155-$160/qtr; tenants pay electric, gas and heat. Under 15 min to Plauderville NJ Transit (direct to NYC/Hoboken), minutes to Dahnert's Lake County Park, easy access to Rt 46, 21, 4 and the Garden State Parkway.
Location
State NJ
County Bergen
Rooms
Basement Finished
Interior
Heating Gas-Natural
Cooling Window A/C(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Stucco
Parking Features On-Street Parking
Utilities Available All Underground
Roof Type Flat
Garage Yes
Building
Sewer Public Sewer
Water Public Water
Architectural Style 2-Two Story
Schools
Elementary Schools Roosevelt
Middle Schools Columbus
High Schools Garfield
Others
Senior Community No
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Listed by LIFESTYLE INTERNATIONAL REALTY