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1406 Springfield AveIrvington Twp., NJ 07111

Essex County

$1,690,000List price
10,000Sq Ft
1920Year built
0.11Acre lot
12 weeks agoOn market

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
88
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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Listing Courtesy: REALTYLINE - 2015921388

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