308 MIDLAND AVE
Saddle Brook, New Jersey NJ 07663
Price: $350,000
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Listing ID: 210022061
Status: ACTIVE
Acres: 0.140 Acres

308 Midland Ave is a gated parking lot that provides 2 parking spaces per tenant. This property must be sold as a package deal along with 314 Midland Ave. Buyer has unbelievable potential to convert this property into a buildable income producing lot; Buyer must check with the township of Saddle Brook and perform his/her own due diligence. Income producing opportunities like 308-314 Midland Ave, Saddle Brook present tremendous upside for the right investor to claim its fullest return on investment potential. Starting with 314 Midland Avenue's great location, stands a beautifully constructed and well maintained 4 unit complex composed of a modern and solid brick exterior, and a well crafted interior. Each unit includes a spacious one bedroom apartment with roomy one bath and twin vanity, central air, hardwood and ceramic tile flooring, updated kitchen, ample closet space and more! Gross rents are under market at $64,800 with the buyer having great potential to add proper increases. Tenants pay all utilities. Close to shopping, schools, NY train, bus and all major highways. 1031 exchanges? Here's your opportunity. Income, Location, and Timing are everything when striking a deal that's worth striking. This is one of those deals. Book your safe and easy showing today.

Primary Features

Area: Saddle Brook
Number of Lots: 1
Lot Size: 50 x 119

External Features

Location Information

Between: President St & Outwater Lane
Block: 00102
Lot: 00024

Financial Details

Sale/Rent: For Sale
Tax Database ID: 1
Tax ID: 4325
Tax Property ID: 02574325
Tax Year: 2020
Taxes: 3863

Additional

Charge: yes

Zoning Info


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Listing courtesy of LIBERTY REALTY LLC (201) 222-2900. Data last updated: Friday, December 3rd, 2021 08:10:26 PM.

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