Property Description

Turnkey all-brick 12-unit multifamily investment opportunity in Hillside! 4338 & 4342 Warren Ave. Two well-maintained 6-flat buildings are being sold together, each consisting of 5 spacious two-bedroom units and 1 one-bedroom unit, offering an ideal unit mix for consistent tenant demand. The property is fully occupied and delivers strong, dependable cash flow from day one. This is truly a property of pride of ownership, meticulously maintained and thoughtfully upgraded, making it a rare turnkey investment with minimal deferred maintenance. Recent improvements include new tear-off roofs with 50-year shingles, over 100 new windows, updated electrical panels, high-efficiency boilers, newer water heaters, sump pumps, and LED lighting throughout. 10 of the 12 units have been renovated, featuring modern finishes such as luxury vinyl plank flooring, refinished hardwood floors, updated kitchens, and upgraded fixtures, appealing to today's renters and supporting continued rental growth. Exterior and site enhancements include a brand-new parking lot (2024), tuckpointed brick, new gutters and downspouts, fascia upgrades, and a secure dumpster enclosure. Additional amenities include on-site laundry with Speed Queen machines, private patio area, dedicated parking, and a monitored security camera system. Significantly reduced real estate taxes yield a much more profitable return, increasing operating income and enhancing the new owner's overall cap rate potential. Conveniently located near public transportation, parks, and local amenities, this property offers both stability and long-term appreciation potential. A rare opportunity to acquire a fully stabilized, high-performing multifamily asset that truly reflects pride of ownership, high in-place income, and future upside.

Property Features