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1406 Springfield Ave, Irvington, NJ, 07111

--beds
--baths
--sqft
$1,690,000
--price/sqft
$12,552/moest. monthly cost
$502,080/yrincome needed

About This Home

Exceptional mixed-use investment opportunity on the desirable Upper Irvington/Maplewood border. Completely gutted and renovated from top to bottom in 2004, this well-maintained corner property features four 3-bedroom apartments and a large commercial space occupied by a successful daycare for over 20 years. Property features central air and heat throughout, a 3-car garage, fenced parking lot, and a full unfinished basement offering potential for additional commercial use (subject to approvals). Approximately 4,396 SF per level, including the basement. Strong cash flow with a 6.29% Cap Rate, stable tenants, and future income growth potential make this an excellent investment opportunity in one of Irvington's most desirable neighborhoods. Financials available upon request.

Getting Around

84
WalkingVery Walkable
0
TransitVery Limited Transit
47
BikeSomewhat Bikeable

Schools

5/10
1/10
Irvington High SchoolGrades 9-120.8 mi

Construction

Materials

  • Roof: See Remarks

Type & Style

  • Home type: SingleFamily
  • Property subType: Mixed Use