Rare Multi-Unit Investment Opportunity in North Arlington!This rarely available, legal five-unit apartment building is located in the North Arlington neighborhood of Highview Park, offering an exceptional investment opportunity with a current rental income of $11,350 per month ($136,200 per year) at 100% occupancy. Recently fully renovated inside and out, this property features a mix of spacious two-level 2-bedroom/1-bath units and one-level 1-bedroom/1-bath units, providing desirable living options for tenants.Property Features:Total Units: 5 (3 two-level 2-bed/1-bath units and 2 one-level 1-bed/1-bath units)Rent Income: Currently generating $11,350/month, $136,200/year with 100% occupancyUpcoming Rent Increase: Lease extensions on two units starting in July will add $3,000 annually, increasing the total rental income to $139,200/yearRenovations: All 5 units and the exterior were completely renovated within the last 5 years, ensuring a modern and inviting atmosphere throughout.HVAC System: energy-efficient HVAC system, only a few years old.Floor Plans: Spacious, open layouts with plenty of natural light.Parking: Ample parking available on-site, as well as additional off-street spaces for tenants.Lot Size: The property sits on a large lot, offering potential for future development or expansion.Virtual Tours: Matterport 3D tours are available for each individual unit, allowing for a complete virtual viewing experience.Current Rentals:Three 2-bed/1-bath unitsTwo 1-bed/1-bath unitsThis property offers a prime location in North Arlington, with easy access to public transportation, shopping, dining, and recreational areas. Whether you're an investor looking for steady income or seeking a multi-family property with long-term potential, this is an ideal choice.Actual Addresses: 2122-2124-2126-2128-2130 Cameron Street
Assessed Value is a combination of the land and additions.
2024
$10,377
(+5.01%)
$982,100
Land 542,400 +
Additions 439,700
2023
$9,882
(+6.6%)
$959,400
Land 542,400 +
Additions 417,000
2022
$9,270
$900,000
Land 542,400 +
Additions 357,600
2021
$9,270
(-11.99%)
$900,000
Land 542,400 +
Additions 357,600
2020
$10,533
(+24.44%)
$1,026,600
Land 542,400 +
Additions 484,200
2019
$8,464
(-10.13%)
$825,000
Land 542,400 +
Additions 282,600
2017
$9,418
$936,200
Land 542,400 +
Additions 393,800
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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