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Coldwell Banker Realty
215 Macarthur Ave, Garfield City, NJ 07026
- $690,000
- 5
- BD
- 3
- BA
- List Price
- $690,000
- MLS#
- 4055619
- Dom
- 14
- Year Built
- 1913
- Status
- ACTIVE
- County
- Bergen
- City
- Garfield City
- Bedrooms
- 5
- Bathrooms
- 3
- Baths Full
- 3
- Acres
- 0.06
Property Description
High-yield, turnkey 2-family asset in prime Bergen County! Extensively renovated in 2025, this multi-family income generator delivers a strong 7.61% current capitalization rate with clear upside to an 8.48% pro-forma cap rate ($66,000 gross annual income potential). 1st floor unit features a spacious 3-bed layout with full finished heated basement (additional bedroom + bath), private laundry & new deck delivered vacant for Owner-occupancy or market tenant placement ($2,800-$3,000/mo). Upper unit offers 2 beds + den, currently leased at $2,200/mo through Feb 2027 (projected market rent $2,500-$2,700/mo). Key upgrades include marble countertops, Brand New basement bathroom, all new kitchens on all floors, all-inclusive appliances, new flooring, New electrical panels, New plumbing, new 2nd-fl windows & digital key entry on all entry doors on the property. Low overhead with minimal expenses ($7k annual taxes, $155-$160 quarterly water bill). Prime Garfield location under 15 minutes to Plauderville NJ Transit rail station (direct to NYC/Hoboken) and moments from Dahnert's Lake County Park. Immediate highway access to Rt 46, Rt 21, Rt 4, and the Garden State Parkway. perfect for value-add investors or house-hackers seeking positive Day-1 cash flow!
Additional Information
- Taxes
- $8,043
- Cooling
- Window A/C(s)
- Exterior
- Stucco
- Garage Description
- On-Street Parking
- Heating
- 2 Units, Baseboard - Electric
- Roof
- Flat
- Elementary School
- ROOSEVELT
- Middle School
- COLUMBUS
- High School
- GARFIELD
- Sewer
- Public Sewer
- Water
- Public Water
- Basement
- Yes
- Exterior Features
- Barbeque, Deck, Storage Shed
- Garage Description
- On-Street Parking
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Listing Courtesy Of LIFESTYLE INTERNATIONAL REALTY, Contact: 862-282-5277
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