Rare Multi-Unit Investment Opportunity in North Arlington!
This rarely available, legal five-unit 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:
Total Units: 5 (3 two-level 2-bed/1-bath units and 2 one-level 1-bed/1-bath units)
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 Highview Park, 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.
For more information, to schedule a viewing, or to access the Matterport 3D tours, please contact the listing agent.
Actual Addresses: 2122-2124-2126-2128-2130 Cameron Street
