201 12th St APT 25, Palisades Park, NJ, 07650

About This Home

Rare income-producing covered garage parking at approximately 10% ROI at current rents. Five covered parking spaces available on the 2nd level of the condominium covered garage, each offered at $29. 995$. All spaces are currently rented month-to-month at $200 per month, providing immediate income. The condominium complex will soon undergo major renovations, including improvements to the garage structure. A special assessment of $7,100 per space has been issued and will be paid in full by the current owner at closing, offering significant added value to the buyer. Excellent opportunity for investors, residents, or non-residents seeking secure covered parking and reliable rental income.