98 Leonard St, Jc, Heights, NJ 07307

Property Description

This is a fantastic opportunity to own a well-maintained four-family property offering four functional two-bedroom, two-bathroom apartments, totaling eight bedrooms and eight bathrooms. Each unit is approximately 750 square feet with a well-proportioned layout that places the bedrooms on opposite sides of the apartment, an ideal setup for roommates or families. The building is configured with two units per floor, and both first-floor apartments enjoy private yard access, making them especially appealing. All units are equipped with central air conditioning, and the basement includes additional storage rooms as well as a coin-operated washer and dryer that are currently not accessible to tenants, leaving room for future income growth if made available. With a strong rent roll of $8,200 per month and minimal operating expenses, this property provides excellent cash flow. Another major highlight is the location—just steps from major transportation to New York City and conveniently situated right off Kennedy Boulevard, offering tenants easy access to restaurants, shops, and daily conveniences. This combination of steady income, low expenses, and commuter-friendly location makes this property a rare investment find.