29
See all 29 photos
$648,900
Est. payment /mo
7 BD
4 BA
Active
11 Elmwood Ter Irvington Twp., NJ 07111
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UPDATED:
12/19/2024 02:08 PM
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3936911
Style 3-Three Story
Bedrooms 7
Full Baths 4
Annual Tax Amount $19,980
Tax Year 2023
Property Description
Modern Luxury and Investment Opportunity 11 Elmwood Terrace, Irvington Located on the Maplewood border, this fully vacant, newly renovated 2-family home offers modern upgrades and outstanding investment potential. Recent renovations include new siding, a roof, hot water heaters, boiler, and a 2-unit HVAC system. Unit 1: 3 bedrooms, 2 full baths, including an ensuite master. Features a brand-new kitchen with stainless steel appliances, tiled bathrooms, washer/dryer hookups, and a private deck. Unit 2: 4 bedrooms, 2 full baths across two floors. Includes a modern kitchen, tiled bathrooms, washer/dryer hookups, and a private deck. Both units share a spacious backyard and driveway for added convenience. Prime Location Close to transportation, shops, and highways, this property is perfect for homeowners and investors alike. Live in one unit and rent the other for additional income. Tax Savings Irvington's ongoing property revaluation (set to complete in 2025) is expected to lower the tax rate to approximately 3%, potentially reducing taxes from approximately $19,980 to approximately $16,000. A 5-year tax abatement approved will lower taxes to approximately $15,000 annually. Buyers are encouraged to conduct their own due diligence to confirm these details. Act Now Don't miss the chance to own this beautifully renovated, income-generating property. Schedule your showing today.
Location
State NJ
County Essex
Rooms
Basement Unfinished
Interior
Heating Gas-Natural
Cooling Central Air
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Parking Features None
Utilities Available Gas-Natural
Roof Type Asphalt Shingle
Building
Sewer Public Sewer
Water Public Water
Architectural Style 3-Three Story
Others
Senior Community No
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