326-328 Cedar Ave Highland Park, NJ 08904

This well-maintained, income-producing four-family property is in excellent condition. It features three 3-bedroom units and one 1-bedroom unit, generating an annual gross income of $133,800. The property is ideally located near public transportation (bus and train), major shopping centers, Rutgers University, and local hospitals. Each of the four apartments features separate utilities, newer windows, updated kitchens and flooring, and newer boilers and water heaters. The property includes a new garage roof and floor, freshly painted interiors, new toilets and plumbing, and comprehensive landscaping. Significant upgrades include complete replacement of metal plumbing with PVC piping, newer concrete work, and a new roof installed in 2021. Additional features include dual entrances for all ground-floor units, a brand-new coin-operated washer and dryer hookup in the basement, and ample storage space. The property includes 2 garages. Garages generate $2,400 annually. Tenants are responsible for electric and gas. The property has one water meter and individual electric meters for each unit. The property has low insurance and low maintenance. It also features a dry basement and maintenance-free landscaping. The lot size is 0.1148 acres and the property size is 4,544 square feet.