NOT LISTED FOR SALE

113 N 2nd Ave Highland Park, NJ 08904

Estimated Value: $618,000 - $709,000

-- Bed
-- Bath
-- Sq Ft
7,501 Sq Ft Lot

Last Sold January 03, 2022

Last sale price $540,000

Est. 25% increase in value since last sale

Current estimated payment $4,821/month

28 Days on Market

Highlights

  • Property is near public transit
  • Private Yard
  • Outdoor Storage
  • Highland Park High School Rated A
  • Enclosed Patio or Porch
  • Private Entrance

About This Home

As of January 2022

Listing agent is related to the seller. This fantastic 2-unit investment property offers an unbeatable location that draws tenants in, and keeps vacancies low! Just two blocks from tree-lined downtown Highland Park, and less than a mile from downtown NB, the prime neighborhood provides a convenient lifestyle and easy access to restaurants, shopping, & commuter trains. The 2,444 s.f. property encompasses two units, each with 3-beds, 1-bath; with separate meters for gas & electric, private entries, and idyllic covered porches where tenants can watch the seasons pass. Arched doorways and wood floors throughout are charming details, with high ceilings creating a feeling of spaciousness. Each unit offers a living room, dining room and eat-in kitchen with large walk-in pantry. The upstairs unit has an additional three-season porch, and offers untapped income potential in an unfinished walk-up attic that could be converted into a large master suite and bath. The exterior is freshly painted, and outdoor spaces include a front lawn, open backyard, and 4-car off-street parking. Shared laundry is in the basement, steam radiators provide gas heat, and tenants pay all utilities except water. Current rents are $1,520 & $1,800, and are well below the market rate of $2,100 for each. Available for the first time in over 40 years, this investment has paid off for the current owner! A property with a steady, proven income, and a truly convenient location; schedule a showing today!

Last Agent to Sell the Property

Benjamin Jampel

WEICHERT CO REALTORS Listed on: 11/06/2021

WEICHERT CO REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,934

Year Built

  • Built in 1934

Lot Details

  • 7,501 Sq Ft Lot
  • Lot Dimensions are 150.00 x 50.00
  • Private Entrance
  • Fenced
  • Private Yard

Home Design

  • Asphalt Roof

Interior Spaces

  • Utility Room
  • Storm Screens

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Laundry in Basement
  • Basement Storage

Outdoor Features

  • Enclosed Patio or Porch
  • Outdoor Storage

Location

  • Property is near public transit
  • Property is near shops

Utilities

  • No Cooling
  • Radiator
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for unit 1 owner pays(water), unit 2 owner pays(water)

Community Details

Amenities

  • Community Storage Space

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,934

Year Built

Built in 1934

Lot Details

0

Listing Details

  • Property Sub Type: 2 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1722
  • Lot Size: 150.00 x 50.00
  • Ownership: Fee Simple
  • Carport Y N: No
  • Garage Yn: No
  • Year Built: 1934
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 0

Interior Features

  • Appliances: Water Heater(Gas), Water Heater, Unit 1(Dryer,Range/Oven,Refrigerator,Washer), Unit 2(Dryer,Range/Oven,Refrigerator,Washer)
  • Owner Pays: Unit 1 Owner Pays(Water), Unit 2 Owner Pays(Water)
  • Has Basement: Full, Exterior Entry, Storage Space, Utility Room, Laundry Facilities
  • Interior Amenities: Unit 1(Dining Room,3 Bedrooms,Kitchen,1 Bath,Living Room), Unit 2(Dining Room,3 Bedrooms,Kitchen,1 Bath,Living Room)
  • Window Features: Screens/Storms

Exterior Features

  • Fencing: Fencing/Wall
  • Lot Features: Near Shopping, Near Train
  • Exterior Features: Porch(es) - Enclosed, Porch(es) - Open, Fencing/Wall, Yard, Private Entrance, Storage Area-Common, Screens/Storms, Storage Area-Private
  • Patio And Porch Features: Enclosed, Porch(es) - Open
  • Roof: Asphalt

Garage/Parking

  • Parking Features: 3-4 Car Parking

Utilities

  • Gas Company: Natural Gas
  • Cooling: None
  • Heating: Radiators-Steam
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 7501

Rental Info

  • Lease Term: Unit 1(Month-Month),Unit 2(Month-Month)

Tax Info

  • Tax Annual Amount: 14934

Multi Family

  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Dardir Kholud H $486,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2022 01/03/22 Sold $540,000 0.0% --
12/04/2021 12/04/21 Pending -- -- --
11/06/2021 11/06/21 For Sale $540,000 -- --
Source: All Jersey MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $13,557 $542,700 $258,500 $284,200
2023 $13,557 $542,700 $258,500 $284,200
2022 $15,137 $177,600 $94,500 $83,100
2021 $7,467 $177,600 $94,500 $83,100
2020 $14,934 $177,600 $94,500 $83,100
2019 $14,945 $177,600 $94,500 $83,100
2018 $14,102 $177,600 $94,500 $83,100
2017 $14,027 $177,600 $94,500 $83,100
2016 $14,027 $177,600 $94,500 $83,100
2015 $13,501 $177,600 $94,500 $83,100
2014 $13,281 $177,600 $94,500 $83,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: All Jersey MLS

MLS Number: 2205888R

All Jersey MLS

APN: 07-01601-0000-00033