Property
Beds
8
Full Baths
None
1/2 Baths
None
Year Built
1987
Sq.Footage
3,771
Rare Multi-Unit Investment Opportunity in North Arlington! This rarely available apartment building is located in the North Arlington neighborhood of Highview Park, offering an exceptional investment opportunity with a current rental income of $11,350 per month ($136,200 per year) at 100% occupancy. Recently fully renovated inside and out, this property features a mix of spacious two-level 2-bedroom/1-bath units and one-level 1-bedroom/1-bath units, providing desirable living options for tenants. Property Features: Rent Income: Currently generating $11,350/month, $136,200/year with 100% occupancy Upcoming Rent Increase: Lease extensions on two units starting in July will add $3,000 annually, increasing the total rental income to $139,200/year Renovations: All 5 units and the exterior were completely renovated within the last 5 years, ensuring a modern and inviting atmosphere throughout. HVAC System: energy-efficient HVAC system, only a few years old. Floor Plans: Spacious, open layouts with plenty of natural light. Parking: Ample parking available on-site, as well as additional off-street spaces for tenants. Lot Size: The property sits on a large lot, offering potential for future development or expansion. Virtual Tours: Matterport 3D tours are available for each individual unit, allowing for a complete virtual viewing experience. Current Rentals: Three 2-bed/1-bath units Two 1-bed/1-bath units This property offers a prime location in North Arlington, with easy access to public transportation, shopping, dining, and recreational areas. Whether you're an investor looking for steady income or seeking a multi-family property with long-term potential, this is an ideal choice.
Features & Amenities
Interior
-
Total Bedrooms
8
-
Bathrooms
N/A
-
Above Grade Finished Area
2514.0
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Other
-
Parking
Parking Lot
-
Pool
Yes
-
Pool Features
None
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.2
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
-
Architectural Style
Other
Price
-
Sales Price
$2,625,000
-
Tax Amount
10145.0
-
Sq. Footage
3, 771
-
Price/SqFt
$696
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Foundation Details
Other
-
Sewer
Public Sewer
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Location
County
ARLINGTON
Elementary School
Middle School
High School
Listing Courtesy of Aaron A Probasco , Samson Properties
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Broker | Owner
ChristyIssler
Call Christy today to schedule a private showing.
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