151 Fairview AveSomerville, NJ 08876

For Sale
$1,300,000

High-Yield Investment Opportunity in Prime Location

Overview

Added:
Feb 3
Days on market:
39
This exceptional eight-unit apartment building presents a lucrative investment opportunity in the desirable Somerville, NJ, downtown area. The property, located at 151 Fairview Ave, encompasses a substantial 3,080 square feet on a 0.23-acre lot. The building comprises six studio apartments, each featuring a kitchen and full bathroom, along with one one-bedroom unit and one two-bedroom unit. Seven of the eight units have undergone recent renovations, ensuring a high standard of living for tenants. Currently boasting 100% occupancy, this property offers immediate and consistent cash flow. The building's prime location provides easy access to Somerville's vibrant downtown, offering tenants convenient access to shops, restaurants, and other amenities. Potential investors should note that some air conditioning units are tenant-owned. Serious inquiries only

Property Details for 151 Fairview Ave

Property type
Residential income properties, Multifamily properties
Square Feet
3,080 SF
Year Built
1920
Lot Size (sq. ft)
10,019 SF

Location Insight

City
Somerville
County
Somerset
State
New Jersey
Latitude
40.56432
Longitude
-74.59693
151 Fairview Ave, Somerville, New Jersey

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151 Fairview Ave
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