515 Richford Ter new Save Request In-Person Tour Request Virtual Tour
Linden City,NJ 07036
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $258
MLS Listing ID 3995573
Style Under/Over
Bedrooms 4
Full Baths 4
Year Built 1947
Annual Tax Amount $10,224
Tax Year 2024
Lot Size 4,356 Sqft
Property Description
Exceptional opportunity! For investors and owner-occupants alike. This spacious and versatile two-family home offers four full levels of finished living space across two large units. Fully gut-renovated in 1995 and lovingly maintained by the same owners, this property features separate mechanicals for each unit, including a newer gas boiler and a recently replaced water heater.Unit 1 (Previous Owner's Unit) offers a large living room and dining area that can easily be converted to add an additional bedroom for higher rent potential. The unit includes an eat-in kitchen, two full bathrooms, and private access to the backyard and finished basement. The basement expands this living space with a second kitchen, full bath, and dry bar ideal for entertaining. The private owners unit backyard features a covered patio, tool sheds, and a grassy area anchored by a mature, fruiting fig tree.Unit 2 (Upper Unit) spans the second and third floors and will be delivered vacant. It offers a similar but larger layout with a living room, dining room, kitchen, three bedrooms, two full bathrooms, and a walk-in closet. The oversized third-floor bedroom with a full bathroom offers the potential to divide and create additional bedrooms, to maximize rental income.Located in a high-demand rental area, this home provides excellent income potential with simple cosmetic updates to kitchens and baths. A rare opportunity to own a large, flexible two-family property with significant upside!
Location
State NJ
County Union
Interior
Heating Gas-Natural
Cooling Wall A/C Unit(s), Window A/C(s)
Exterior
Exterior Feature Brick, Vinyl Siding
Utilities Available Electric, Gas-Natural
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Sewer Public Sewer
Water Public Water