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$1,050,000
Est. payment /mo
5 Beds
3 Baths
7,405 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4017441
Style 3-Three Story
Bedrooms 5
Full Baths 3
Year Built 1900
Annual Tax Amount $16,841
Tax Year 2025
Lot Size 7,405 Sqft
Property Description
Turnkey, income-producing 3-unit property delivering top-of-market rents in one of Essex County's most sought-after communities. 15 Lakeview Place has been fully renovated interior (2021), offering an investor a modernized asset with strong current cash flow and minimal near-term capital requirements. All three units are leased through July 31, 2026, generating a combined $6,559/month ($78,708 annually). Unit mix consists of two 2-bedroom/1-bath apartments and one 1-bedroom/1-bath with rents already at or near market, this is a true stabilized asset ready to perform from day one. Each unit is separately metered with tenants covering their own utilities, keeping operating costs predictable and landlord exposure low. Assigned driveway parking per unit and in-basement laundry round out a tenant-friendly package that supports strong retention with all leases rolling simultaneously in July 2026. The next owner will step in with a clean, stabilized income stream today and a straightforward path to renewing at market or re-tenanting from a position of strength. Verona continues to command premium rental demand thanks to its top-rated schools, walkable downtown, and direct NYC transit access making 15 Lakeview Place an ideal long-term hold in a high-barrier-to-entry market.
Location
State NJ
County Essex
Rooms
Basement Unfinished
Interior
Interior Features Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
Heating Gas-Natural
Cooling Window A/C(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Utilities Available Electric, 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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Listed by CENTURY 21 THE CROSSING
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