38 Prospect Street Bloomfield, NJ 07003

Listing agency Prestige Property Group - Montclair b***@gmail.com Show Phone

Listed by Brian Quesada Show Phone

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Added: Apr 28 Updated: Jul 21 at 12:03AM Checked: Jul 21 at 6:56AM

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Investment Insights

Based on property information with market context.

This offering presents a legal three-family residential income property in Bloomfield, New Jersey. The building is described as having in-place rental income and recent capital improvements, with additional opportunities tied to below-market rents.

The property is located at 38 Prospect Street in Bloomfield. For investors and owner-occupants evaluating multi-family options, this asset is positioned as an income-generating three-unit property with potential for value-add performance based on the rental-rate gap noted in the seller’s remarks.

Key Highlights

• Legal 3‑family property with in‑place rental income
• 6 bedrooms and 5 full bathrooms across 13 total rooms
• Full basement (unfinished) with utilities, laundry area, and an additional full bathroom

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FAQs

What type of property is this?

Triplex - Legal three-family property with in-place rental income and recent capital improvements, offering opportunities related to below-market rents.

Where is this triplex located?

The property is located at 38 Prospect Street Bloomfield, NJ.

What is the asking price?

The asking price for this property is $849,999.

What are key features of this property?

This property features: Legal 3‑family property with in‑place rental income; 6 bedrooms and 5 full bathrooms across 13 total rooms; Full basement (unfinished) with utilities, laundry area, and an additional full bathroom