$1,150,000
Legal 3-Family | Oversized 10,000 Sq. Ft. Lot | Approximately 12 Tandem Off-Street Parking Spaces | Fully Occupied Investment Opportunity
Exceptional opportunities like this are rarely available. Ideally situated on an oversized 50' x 200' lot in one of Secaucus' most convenient residential neighborhoods, this fully occupied legal three-family presents a rare opportunity to acquire an income-producing property offering immediate cash flow, low operating expenses, and approximately 12 tandem off-street parking spaces—an extraordinary combination seldom found in today's market.
The spacious 3-bedroom main residence offers a generous living room, formal dining room, eat-in kitchen, full bath, and the convenience of in-unit laundry. Two additional 1-bedroom, 1-bath apartments, each featuring comfortable living space and in-unit laundry, provide consistent rental income.
Generating approx. $54,720 in current annual gross rental income, this property offers investors immediate cash flow with future upside potential. Each apartment is separately metered and features electric heat, window air conditioning, and tenant-paid electric utilities, helping to keep owner operating expenses low.
One of the property's most impressive features is its exceptional tandem off-street parking, accommodating approximately 12 vehicles. This rare amenity offers tremendous value for investors, contractors, tradespeople, fleet owners, and small business owners seeking abundant on-site vehicle parking—an increasingly difficult feature to find in Hudson County.
The expansive 10,000-square-foot lot provides generous outdoor space and enhances the property's long-term value and versatility.
Ideally located just minutes from NJ Transit, major highways, shopping, restaurants, parks, and New York City, this is a rare opportunity to acquire a well-maintained investment property offering immediate income, exceptional flexibility, and features that are difficult to duplicate.
5
Beds
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3
Baths
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260015921
MLS
176 Meadow Lane, Secaucus