215 Terrace Avenue

Hasbrouck Heights NJ 07604

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Currently for sale - view listing

Overview

An excellent investment opportunity in the heart of Hasbrouck Heights! This income-generating property comprises three residential units and office space (approx. 800 sq. ft.) currently set up for dental or medical practice. Amenities include an attached two-car garage, as well as additional storage space and a laundry room in the basement. The residential portion consists of one three-bedroom apartment and two two-bedroom apartments, offering great business potential. Current residential rents are below market rates: 3-bedroom unit $2,250/mo. (potential rent: approx. $3,100$3,200); 2-bedroom unit vacant (potential rent: approx. $2,700$2,800); 2-bedroom unit $1,790/mo. (potential rent: approx. $2,700$2,800). Additional income is generated by the laundry facilities. Numerous upgrades have been completed, including window replacements, a new roof (2009), a new gas steam boiler (2021), replacement of entrance stairs for the office (2021) and apartments (2023), renovation of the rear walkway (2024), a new shower enclosure in Unit 1 (2025), and more. Ideally located with easy access to NYC transportation, major highways, shops, restaurants, schools, and airports. A unique opportunity for investors and business owners alike. Don't miss this chance the offer won't be available for long.

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