326-328 Cedar AVE new Save Request In-Person Tour Request Virtual Tour
Highland Park,NJ 08904
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,544 sqft
Price per Sqft $319
MLS Listing ID 2514140R
Year Built 1928
Annual Tax Amount $22,507
Tax Year 2023
Lot Size 5,000 Sqft
Acres 0.1148
Lot Dimensions 100.00 x 50.00
Property Sub-Type 4 Family
Source CJMLS API
Property Description
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 (one vacant unit projected income) Cap Rate 7.19%
Location
State NJ
County Middlesex
Community Curbs,Sidewalks
Rooms
Basement Full,Storage Space,Tenant Use,Laundry Facilities
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)
Heating Radiant,Radiators-Steam
Cooling Ceiling Fan(s),None,A/C Window Unit(s)
Window Features Screens/Storms
Appliance 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)
Heat Source Natural Gas
Exterior
Exterior Feature Patio,Curbs,Porch(es) - Open,Sidewalk,Porch,Private Entrance,Screens/Storms
Garage Spaces 2.0
Community Features Curbs,Sidewalks
Utilities Available Underground Utilities
Roof Type Asphalt
Handicap Access Unit 1 Accessibility Features,Unit 2 Accessibility Features,Unit 3 Accessibility Features,Unit 4 Accessibility Features
Porch Patio,Porch(es) - Open,Porch
Building
Lot Description Near Shopping,Near Train,Level,Near Public Transit
Story 2
Sewer Public Sewer
Water Public
Others
Senior Community no
Tax ID 0701903000000011
Ownership Fee Simple
Energy Description Natural Gas