About 326-328 Cedar Avenue
Rare Three 3 bedroom units and One 2 bedroom unit $135,000 annual gross income!!!! Low insurance. Low maintenance. Dry basement, newer roof, maintenance free landscaping, 2 garages plus extra parking spaces. Tenants pay electric and gas. This well-maintained, income-producing 4-family property is in excellent condition and ideally located near public transportation (bus and train), major shopping centers, Rutgers University, and local hospitals. Each of the four apartments features separate utilities, newer windows, updated kitchens and flooring, and newer boilers and water heaters. The property includes a new garage roof and floor, freshly painted interiors, new toilets and plumbing, and comprehensive landscaping. Significant upgrades include complete replacement of metal plumbing with PVC piping, newer concrete work, and a new roof (2021). Additional features include dual entrances for all ground-floor units, a brand-new coin-operated washer and dryer hookup in the basement, and ample storage space. With one water meter and individual electric meters for each unit, this property offers both convenience and strong investment potential. Annual Income: $135,000
Features of 326-328 Cedar Avenue
| MLS® # | 2514140R |
|---|---|
| Price | $1,370,000 |
| Square Footage | 4,544 |
| Acres | 0.11 |
| Year Built | 1928 |
| Type | Residential Income |
| Sub-Type | 4 Family |
| Status | Under Contract |
Community Information
| Address | 326-328 Cedar Avenue |
|---|---|
| City | Highland Park |
| County | Middlesex |
| State | NJ |
| Zip Code | 08904 |
Amenities
| Utilities | Underground Utilities |
|---|---|
| Parking | Garage, Detached, 1-2 Car Parking, On Street |
| # of Garages | 2 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Unit 1(Dining Room,3 Bedrooms,Kitchen,1 Bath,Living Room), Unit 2(3 Bedrooms,Kitchen,1 Bath,Living Room), Unit 3(2 Bedrooms,Kitchen,1 Bath,Living Room), Unit 4(3 Bedrooms,Kitchen,1 Bath,Living Room) |
|---|---|
| Appliances | Water Heater(See Remarks,Gas), Water Heater, Unit 1(Range/Oven,Refrigerator), Unit 2(Range/Oven,Refrigerator), Unit 3(Range/Oven), Unit 4(Range/Oven,Refrigerator) |
| Heating | Radiant, Radiators-Steam |
| Cooling | Ceiling Fan(s),None,A/C Window Unit(s) |
| Fireplace | No |
| # of Stories | 2 |
| Has Basement | Yes |
| Basement | Full, Storage Space, Tenant Use, Laundry Facilities |
Exterior
| Exterior Features | Patio, Curbs, Porch(es) - Open, Sidewalk, Porch, Private Entrance, Screens/Storms |
|---|---|
| Lot Description | Near Shopping, Near Train, Level, Near Public Transit |
| Roof | Asphalt |
Additional Information
| Days on Market | 31 |
|---|
Listing Details
| Office | RE/MAX INNOVATION |
|---|