55 Western Parkway

Irvington, NJ 07111

$699,500
Price
7
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Renovated 3 family property in Irvington presents an exceptional opportunity for investors seeking cash flow or owner-occupants looking to own a home in a thriving market. With Unit One 3 beds 1 bath and Unit Three 1 bedroom 1 bath currently unoccupied. The property features spacious rooms and a fully finished basement with three rooms and a full bath, offering additional living space or rental potential. The estimated rental income for Unit 1 and Unit 2 ranges from $2000 to $2500, while Unit 3 rents...Renovated 3 family property in Irvington presents an exceptional opportunity for investors seeking cash flow or owner-occupants looking to own a home in a thriving market. With Unit One 3 beds 1 bath and Unit Three 1 bedroom 1 bath currently unoccupied. The property features spacious rooms and a fully finished basement with three rooms and a full bath, offering additional living space or rental potential. The estimated rental income for Unit 1 and Unit 2 ranges from $2000 to $2500, while Unit 3 rents for $1200 to $1500, resulting in a total gross rent of $5200 to $6500. Potential to earn an extra $1200 to $1500 from the basement and the property includes a detached double garage with an exclusive driveway and space for at least 5+ cars, along with a backyard perfect for entertaining. A prime location and convenient access to major highways such as the Garden State Parkway and I-280, as well as schools, Newark Airport, shopping centers, houses of worship, public transportation, including a bus stop in front of the house and a easy commute to NYC. Access will be provided only to the unoccupied units unless there's an OH or for buyers submitting offers over the list price. Please respect the tenant's privacy and refrain from attempting to communicate or access apartments without prior approval. Additionally, the owner is in the process of completing the final renovation, which will be finished before closing. The LA has a legal interest in the home.
  1. Listed by DARRELL BAILEY • EXP REALTY, LLC

Property Details for 55 Western Parkway

Directions
18th Ave to Myrtle Ave to Grove Terr to Western Pkwy
Days On Market
11

Open Houses

Saturday, May 4th

12:00 PM - 4:00 PM

PublicView Details

Location

Listing Courtesy of EXP REALTY, LLC, DARRELL BAILEY
Add your commute
LISTING UPDATED: 04/22/2024 09:40 AM

Property Details for 55 Western Parkway

StatusActive
MLS #3896881
Days on Market15
Taxes$11,028 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 1-One Story
Year Built1925
Lot Size0.09 AC / 3,920 SF
CountyEssex County

Location

Listing Courtesy of EXP REALTY, LLC, DARRELL BAILEY
Add your commute

Building Information for 55 Western Parkway

Stories-Residences3Year Built1925Building Size-Lot Size0.09 AC / 3,920 SF

Payment Calculator

$4,736 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,817

Property Taxes

$919

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 55 Western Parkway

Summary
Location and General Information
  • Zoning: R3
  • Active Days on Market: 11
  • Renovated Year: 2024
  • County #: Essex
  • Town Name: Irvington Twp.
  • Block Identifier: 62
  • Listing Type: Exclusive Right to Sell
  • Color of Building: Green/Yell
  • Town #: 1609.0
  • Street # Display: 55.0
  • # Parking Spaces: 5
  • County Or Parish: Essex
  • Street Name: Western Pkwy
  • Zip Code: 07111-5705
  • Total Units: 3
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $11,028
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 181600.0
  • Tax ID For Property: 1609-00062-0000-00021-0000-
  • Tax Rate Amount: $6
  • Tax Rate Tax: *
  • Tax Rate Year: 2023
  • Tax Year: 2023
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: 1 Car Width, Blacktop, Driveway-Exclusive
  • # Garage Spaces: 2
  • Garage Description: Detached Garage
Property
Lot Information
  • Lot Description: Level Lot
  • Lot Identifier: 21
  • Approximate Lot Size: 40 X 100
  • Total Acres: 0.09
  • Construction Date/Year Built: 1925
  • Construction Date/Year Built Des: Approximate, Renovated
Property and Assessments
  • Assessment Bldg: 167200.0
  • Assessment Land: 14400.0
  • Farm Assessment: No
Utilities
  • Cooling: No Cool
  • Utilities: Gas-Natural
  • Water: Public Water
  • Water Heater: Gas
  • Heating: 2 Units, Radiators - Steam
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding
  • Exterior Features: Metal Fence, Vinyl Fence
Interior Features
  • Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors, Wood Floors
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Finished, Full, Walkout
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Smoke Detector
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 3
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 1 Rent: 0.0
  • Unit 1 Room Description: Bedrooms, Dining Room, Kitchen, Living Room, Storage
  • Unit 1 Rooms: 7.0
  • Unit 1 Security Deposit: 0.0
  • Unit 1 Sq Ft: 0.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Ceiling Fan(s), Microwave Oven, Range/Oven - Gas, Smoke Detector
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 3
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 2 Rent: 1900.0
  • Unit 2 Room Description: Bedrooms, Dining Room, Kitchen, Living Room, Storage
  • Unit 2 Rooms: 7.0
  • Unit 2 Security Deposit: 2850.0
  • Unit 2 Sq Ft: 0.0
Unit 3 Information
  • Unit 3 Appl/Equip: Carbon Monoxide Detector, Smoke Detector
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 1
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 1.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 3 Rent: 0.0
  • Unit 3 Room Description: Bedrooms, Kitchen, Living/Dining Room, Storage
  • Unit 3 Rooms: 4.0
  • Unit 3 Security Deposit: 0.0
  • Unit 3 Sq Ft: 0.0
Multi-Family Information
  • Unit Style: 1-One Story
Income & Expenses Information
  • Total Operating Expense: $9,999.00
  • Net Operating Income: $9,999.00
  • Gross Operating Income: $9,999.00
Rental
Rental Information
  • Home Warranty: false

Property History for 55 Western Parkway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 55 Western Parkway

Taxable ValueLand$14,400Additions$167,200Total$181,600
Tax Record2022$10,825 ($902 / month)
Home Facts
Total Finished SqFt3,486 SqFtAbove Grade Finished SqFt3,486 SqFtStories3Lot Size3,999 SqFtStyleTriplexYear Built1925CountyESSEXAPN09 00062-0000-00021

Schools near 55 Western Parkway

This home is within Irvington Board Of Education School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
University Elementary School
PublicPK to 5

University Middle School
Public6 to 8

Irvington High School
Public9 to 12

Grove Street Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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55 Western Parkway is a multi-family home for sale in Irvington, NJ 07111. This property was listed for sale on April 18, 2024 by EXP REALTY, LLC, it's currently listed at $699,500. It has been on the market for a total of 15 days and was last sold on February 7, 2023. This listing's school district is Irvington Board Of Education School District. Nearby schools include University Elementary School, University Middle School and Irvington High School. 55 Western Parkway is a 7-bed, 4-bath, multi-family home built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXP REALTY, LLC, DARRELL BAILEY

The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated 05/03/2024 10:44 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.