2022-2103 Grasmere Ave. 20 side-by-side duplex buildings in the Linden area. Each building contains 2 identical 3-bedroom 1-bath town homes with a full private basement. All 20 buildings have had roofing, siding, windows, basement bracing & waterproofing, furnace and AC systems and concrete driveways & sidewalks replaced within the past 10 years. As of May 20th, 2014: 90+% Occupancy, 19% Section-8. Isolated community next to a charter school. Many of the units have recently refinished hardwood floors and new vinyl. Current rents average $550/month per unit. $22,000/month potential total rent for all 40 units at current rates. Great investment opportunity for those who can efficiently manage lower income housing.
Great money making property. total of 14 units. One store front perviously used as barber salon, One two bedroom apartment and 12 one bedroom apartments. All Furnaces, most hot water tanks, roof, windows, doors, kitchen cabinets and counter have been replace in the last five years.
Located on a high traffic and populated area. Large parcel of land with great frontage and easily accessible. Currently zoned Residential but could serve a variety of other uses. 1/4 mile away from Cleveland Avenue and 1.3 miles away from I-71.
This is an investment property for this seller. Both units are currently rented. Please drive by prior to showing request as tenants rights prevail. Seller is also selling a four unit building and three single family homes. All are in close proximity.