UNDER CONTRACT
$569,000
53 Crest Street
Westwood, NJ 07675
Presented by:
James Cervelli- Sales Associate
Cervelli Real Estate & Property Management
Phone: 201-868-6300
Email James
Property Details:
Lot Size: 7750
Lot Sqft: 7750
Zoning: Residential- 5 Family
Taxes: $6,189
Easements: None Known
Number of Lots: 1
Frontage Feet: 50
Assessed Value: $243300
Description:
INVESTMENT OPPORTUNITY – Fantastic opportunity to purchase fully approved building lot for five (5) townhouse style side-by-side units in desirable Westwood NJ. Each two floor unit would have 2 B/R’s, 2-1/2 bathrooms, W/D, ample living space, plus parking. The property is only a few hundred yards from the newly opened Hackensack University Medical Center at Pascack Valley providing a good source for a well-qualified tenant base. It is also less than one mile from Westwood town center, NJ Transit train station and bus commuter lines. The completed units would be very desirable in terms of layout, size and location. Construction requires minimal site work with all utilities at site. Currently there is a single family rental house on the property generating monthly rent to cover current expenses. Completed project will generate excellent cash flow; with projected rents easily to be over $2,200 per unit/month; i.e. over $132,000/year. Do not miss out on this tremendous opportunity.
