5+ Mixed Use For Sale in Garfield, NJ
MLS# : 24020860
PROPERTY DETAILS
PROPERTY DESCRIPTION
Large apartment complex featuring 25 one-bedroom units (975 sq ft each) on two stories with storage possibilities in basement. Properties includes a large parking lot for 26 cars to accommodate tenants and guests, as well as newly added lighting to the lot. The property has seen several recent upgrades - new paint to the walls and doors and new flooring with washer/dryer and AC split systems in select units, new gym, front and back decks, laundry room (coin operated adds extra income) and bathroom in basement, new roof (3 years old), new electrical boxes, hot water heaters, and fire alarm up to code. Entry and All units are metered separately. Tenants pay all utilities. Located right across from train station and bus stops allowing quick and efficient travel locally within New Jersey and other major cities such as New York and Pennsylvania. This property is the perfect value-add opportunity for savvy investors!
Amenities
This listing is a courtesy of EXP Realty, LLC - Saddle Brook
(201) 843-2000 office, listing agent Halina Strzepek
About Garfield, NJ Real Estate Market
The journey of the formation of Garfield as an independent town began in 1873 when it was known as East Passaic. In 1881, the town was renamed Garfield to pay honour to one of the presidents of the United States of America, James Garfield. When James Garfield died in 1881, a train station in East Passaic got named after him, which eventually became the name of the whole town.
The expansion of Garfield as a city began in 1898 by including portions of the Saddle River Township and Wallington together. The boundaries of the town got defined under an act introduced by New Jersey Legislature. The official naming of the town as Garfield happened in 1917 based on a referendum.
Garfield shares its boundaries with a few other boroughs like Saddle Brook, Elmwood Park and South Hackensack. A few prominent places of interest located in Garfield are Dundee Dam, Plauderville, Dahnert’s Lake County Park and Bogart Heights.
| Population: | 30,487 |
| Total Housing Units: | 11,877 |
| Single Family Homes: | 5,468 |
| General Tax Rate (2023): | 3.281% |
| Effective Tax Rate (2023): | 2.006% |
| Compare To Other Towns |
Garfield Market Indicators
PRICE INDEX
| Average Price* (12mo): | $514,379 |
| Homes Sold* (12mo): | 46 |
SINGLE FAMILY HOME SALES
Garfield, NJ
REAL ESTATE TAXES
| General Tax Rate (2023): | 3.281% |
| Effective Tax Rate (2023): | 2.006% |
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $400,000 - 1,400,000 | 7 avail |
| Condos : | $399,900 - 399,900 | 1 avail |
| Co-ops : | - | |
| Twnhs : | $449,900 - 699,900 | 3 avail |
| 2-4 Fam : | $599,000 - 1,300,000 | 8 avail |
| 5+ Fam : | $6,500,000 - 6,500,000 | 1 avail |
| Land : | $555,000 - 555,000 | 1 avail |
| Rentals : | $1,485 - 3,200 | 36 avail |
| Mixd Use : | $499,000 - 6,500,000 | 3 avail |
| Com S : | - | |
| Com L : | - | |
| Biz : | $120,000 - 239,900 | 2 avail |
