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55 Western Pkwy, Irvington, NJ 07111
$699,500
55 Western Pkwy, Irvington, NJ 07111View this property at 55 Western Pkwy, Irvington, NJ 07111
55 Western PkwyIrvingtonNJ07111
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Property Description
Renovated 3 family property in Irvington presents an exceptional opportunity for investors seeking cash flow or owner-occupants looking to own a home in a thriving market. With Unit One 3 beds 1 bath and Unit Three 1 bedroom 1 bath currently unoccupied. The property features spacious rooms and a fully finished basement with three rooms and a full bath, offering additional living space or rental potential. The estimated rental income for Unit 1 and Unit 2 ranges from $2000 to $2500, while Unit 3 rents for $1200 to $1500, resulting in a total gross rent of $5200 to $6500. Potential to earn an extra $1200 to $1500 from the basement and the property includes a detached double garage with an exclusive driveway and space for at least 5+ cars, along with a backyard perfect for entertaining. A prime location and convenient access to major highways such as the Garden State Parkway and I-280, as well as schools, Newark Airport, shopping centers, houses of worship, public transportation, including a bus stop in front of the house and a easy commute to NYC. Access will be provided only to the unoccupied units unless there's an OH or for buyers submitting offers over the list price. Please respect the tenant's privacy and refrain from attempting to communicate or access apartments without prior approval. Additionally, the owner is in the process of completing the final renovation, which will be finished before closing. The LA has a legal interest in the home.
Full Property Details
Full Property Details for 55 Western Pkwy
General
- Price: $699,500
- Taxes: $11,028 (2023)
- Status: Active
- Type: Multi-Family
- MLS ID: 3896881
- Updated: 4/18/2024
- Added to Site: 23 day(s) ago
Interior
- Number of Rooms: 18
- Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors, Wood Floors
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 7
Exterior
- Exterior Features: MetalFnc, FencVnyl
- Color: Green/Yell
Parking
- Garage: Yes
- Garage Spaces: 2
- Garage Description: Detached Garage
Location
- County: Essex
- Driving Directions: 18th Ave to Myrtle Ave to Grove Terr to Western Pkwy
Heating & Cooling
- Cooling Type: No Cooling
- Heating Type: 2 Units, Radiators - Steam
- Heating Fuel: Natural Gas
- Water Heater: Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Natural Gas
Structural Information
- Architectural Style: 1-One Story
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Finished, Full, Walk-Out
- Roof: Asphalt Shingles
- Year Built: 1925
- Remodeled/Updated: 2024
Unit Information
Unit 1
- Unit Description: Bedrooms, Dining Room, Kitchen, Living Room, Storage
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 2
- Unit Description: Bedrooms, Dining Room, Kitchen, Living Room, Storage
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 3
- Unit Description: Bedrooms, Kitchen, Living/Dining Room, Storage
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.09
- Lot Dimensions: 40 x 100
- Driveway/Sidewalk: 1 Car Width, Blacktop, Driveway-Exclusive
- Zoning: R3
- Lot Description: Level Lot
Financial Considerations
- Operating Expenses: $9,999
- Assessment Amount: $167,200
- Land Assmt: $14,400
- Tax Amount: $11,028
- Tax Year: 2023
Disclosures and Reports
- Exclusions: Tenant's Belongings
- Block: 62
- Lot Number: 21
Listed by Exp Realty, Llc
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Schools
Schools serving 55 Western Pkwy
School District:Irvington Township Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1253 Clinton Ave 1273, Irvington, NJ 07111 | 9-12 | 1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 55 Western Pkwy
Date
Details
Price
Change
Source
4/18/2024
Listed
$699,500
46.5%
MLS
1/30/2023
Sold
$477,462
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 55 Western Pkwy
Year
Property Taxes
Change
Tax Assessment
Change
2022
$10,825
—
$181,600
—
2021
$10,858
33%
$181,600
—
2021
$8,146
-21%
$181,600
—
2018
$10,353
—
$181,600
—
2017
$10,306
2%
$181,600
—
2016
$10,082
2%
$181,600
—
2015
$9,848
-7%
$181,600
—
2019
$10,558
2%
$181,600
—
2013
$10,323
—
$181,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 55 Western Pkwy
55 Western Pkwy, Irvington, NJ 07111 (MLS# 3896881) is a Multi-Family property with 3 units containing 7 bedrooms and 4 full bathrooms. 55 Western Pkwy is currently listed for $699,500 and was received on April 18, 2024. Want to learn more about 55 Western Pkwy? Do you have questions about finding other Multi-Family real estate for sale in Irvington? You can browse all Irvington real estate or contact a Coldwell Banker agent to request more information.