1150 Grove St, Irvington Twp., NJ 07111

Property Description

1150 Grove Street offers a compelling approach to two-family ownership: live in a completely renovated home while the second residence can generate income and help offset ownership costs. Delivered vacant, the property offers two self-contained 3-bedroom, 2-bath residences, each on its own floor with a primary bedroom and en-suite bath. Thoughtfully planned, each unit functions as a home in its own right, with an open living area, distinctive accent wall, quartz countertops, designer cabinetry, stainless-steel appliances, and updated bathrooms. Unit 2 includes in-unit washer/dryer hookups; Unit 1 has exclusive access to the unfinished basement with laundry hookups and storage. The work extends beyond what you see, with a new roof, siding, windows, flooring, electrical, plumbing and HVAC systems. Separate utilities provide independence, while a shared driveway leads to off-street parking. As part of a redevelopment agreement with the municipality, the home will benefit from a 5-year tax abatement. Convenient to Irvington Park, the D. Bilal Beasley Community Center, Irvington Bus Terminal, Route 78 and the Garden State Parkway, with Newark and Maplewood nearby for dining and entertainment. For an owner-occupant, the second residence can generate income to help offset ownership costs. For an investor, the property offers two vacant, completely renovated units. This home qualifies for CRA loan programs w/ below-market interest rates and no buyer-paid mortgage insurance.