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142 Division Ave #1, Garfield, NJ, 07026

--beds
2baths
2,826sqft
$925,000
$327price/sqft
$6,708/moest. monthly cost
$268,320/yrincome needed

About This Home

142- 146 Division Ave Discover an exceptional investment opportunity at 142 Division Ave, Garfield. This mixed-use property package offers immediate income and significant growth potential, making it ideal for savvy investors, developers, or owner-operators. At the heart of this offering is a profitable stream of revenue from day one. The property package includes: Two Separate Lots: The main building and an adjacent vacant lot zoned for multi-use, presenting a prime development opportunity. Commercial Space: A profitable liquor store/bar with a utility room, bathroom, den, and a full basement for ample storage. Residential Unit: A separate-entrance, 3 bedroom apartment on the second floor featuring an eat-in kitchen, full bath, and living/dining area, generating additional rental income. Extra income & amenities: A detached two-car garage currently provides a rental income, ample off-street parking enhances convenience for both commercial and residential tenants. With multiple income streams and tremendous potential for expansion or development, this property is a rare find. Capitalize on the existing business and unlock future value. Building sq. footage estimated. Inventory to be paid for separate at closing, although can be negotiated with the right offer.

Getting Around

78
WalkingVery Walkable
32
TransitSome Transit
51
BikeBikeable

Schools

6/10
4/10
Garfield Middle SchoolGrades 6-80.1 mi
3/10
Garfield High SchoolGrades 9-120.4 mi

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1920

Materials

  • Roof: Flat
  • Construction materials: Brick/Block,Wood,Vinyl Siding

Notable Dates

  • Major remodel year: 2023

Type & Style

  • Home type: Apartment
  • Property subType: Apartment

Interior

Basement

  • Has basement: Yes
  • Basement: Yes,Bilco-Style Door,Unfinished

Bedrooms & Bathrooms

  • Bathrooms: 2

Features

  • Door features: Max Door Height: 0
  • Flooring: Carpet,Tile,Vinyl-Linoleum

Heating & Cooling

  • Heating features: 1 Unit,Baseboard - Hotwater,Natural Gas
  • Cooling features: Central Air,Window Unit(s)

Interior Area

  • Total structure area: 2,826
  • Total interior livable area: 2,826 sqft

Property

Details

  • Parcel number: 1121001920000000390000
  • Attached to another structure: Yes
  • Zoning description: R2
  • Other equipment: Appliances,Refrigeration Unit

Features

  • Stories: 2

Lot

  • Lot size: 5,227 sqft
  • Features: Residential Area
  • Lot size dimensions: 5319 SF

Parking

  • Parking features: Parking Lot-Exclusive