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$749,999
Est. payment /mo
8 Beds
3.5 Baths
3,920 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4026803
Style 3-Three Story
Bedrooms 8
Full Baths 3
Half Baths 1
Year Built 1930
Annual Tax Amount $10,793
Tax Year 2025
Lot Size 3,920 Sqft
Property Description
48 Cedar Ave is a well-maintained 3-family property offering strong rental potential and immediate cash flow. The 1st floor features 3 bedrooms, 1 bath, currently rented at $2,150/month. The 2nd floor unit includes 3 bedrooms, 1 bath, with access to the basement and garage, generating $2,798/month. The 3rd floor offers a 2-bedroom, 1 bath unit, currently vacant, but perfect for an owner-occupant or to lease for additional income (projected at $1,750/month).Ideally located just off South Orange Ave, this property provides convenient access to major highways, public transportation, shopping, and schools. Whether you're an investor looking to expand your portfolio or a buyer seeking to offset your mortgage with rental income, this is a fantastic opportunity with great upside potential!
Location
State NJ
County Essex
Rooms
Basement Finished, Full
Interior
Heating Gas-Natural
Cooling Window A/C(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Wood
Parking Features Detached Garage
Garage Spaces 1.0
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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Listed by EXODUS REAL ESTATE
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Sharon Burroughs-Clarke
Broker Associate | License ID: 1752455
Broker Associate License ID: 1752455