1406 Springfield AveIrvington Twp., NJ 07111

Description

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.

Property Information

Property type

Commercial Sale

Sub-type

Mixed Use

Year built

1920

Building area

10,000 Sq Ft

Lot size

0.11 acres

Parking spaces

6

Ownership

Fee Simple

Days on market

82

MLS^® Listing#

4037531

Property Features

Basement

Full · Unfinished

Construction

Vinyl Siding

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$22,262Tax year 2025

Assessed value

$820,900

Parcel number

1609-00372-0000-00013-0000-

Directions

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