15 Lakeview Pl, Verona Twp., NJ 07044
15 Lakeview Pl, Verona Twp., NJ 07044
15 Lakeview Pl, Verona Twp., NJ 07044
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Sharon Burroughs-Clarke

Sharon Burroughs-Clarke

+1(917) 940-2118
$1,050,000
Est. payment /mo
5 Beds
3 Baths
7,405 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family, Commercial

Listing Status Under Contract

Purchase Type For Sale

MLS Listing ID 4017441

Style 3-Three Story

Bedrooms 5

Full Baths 3

Year Built 1900

Annual Tax Amount $16,841

Tax Year 2025

Lot Size 7,405 Sqft

Property Description

Turnkey, income-producing 3-unit property delivering top-of-market rents in one of Essex County's most sought-after communities. 15 Lakeview Place has been fully renovated interior (2021), offering an investor a modernized asset with strong current cash flow and minimal near-term capital requirements. All three units are leased through July 31, 2026, generating a combined $6,559/month ($78,708 annually). Unit mix consists of two 2-bedroom/1-bath apartments and one 1-bedroom/1-bath with rents already at or near market, this is a true stabilized asset ready to perform from day one. Each unit is separately metered with tenants covering their own utilities, keeping operating costs predictable and landlord exposure low. Assigned driveway parking per unit and in-basement laundry round out a tenant-friendly package that supports strong retention with all leases rolling simultaneously in July 2026. The next owner will step in with a clean, stabilized income stream today and a straightforward path to renewing at market or re-tenanting from a position of strength. Verona continues to command premium rental demand thanks to its top-rated schools, walkable downtown, and direct NYC transit access making 15 Lakeview Place an ideal long-term hold in a high-barrier-to-entry market.

Location

State NJ

County Essex

Rooms

Basement Unfinished

Interior

Interior Features Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector

Heating Gas-Natural

Cooling Window A/C(s)

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Utilities Available Electric, Gas-Natural

Roof Type Asphalt Shingle

Building

Sewer Public Sewer

Water Public Water

Architectural Style 3-Three Story

Others

Senior Community No

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Sharon Burroughs-Clarke

Sharon Burroughs-Clarke

+1(917) 940-2118

Broker Associate | License ID: 1752455

Broker Associate License ID: 1752455

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