19 Franklin Ave, Harrison, NJ 07029

Property Description

Rare 6-family opportunity in Harrison, NJ! This 3-story frame walk-up is located in a desirable section of town near West Hudson Park, shopping, schools, transportation, municipal parking, and the Harrison PATH train with quick access to NYC. The property needs TLC but features 6 spacious railroad-style apartments with a mix of 2-bedroom and 3-bedroom layouts, separate gas, electric, hot water, and 6 separate gas hot water baseboard heating systems. The full basement offers tenant storage, including a larger storage room for Apartment #1, Current monthly rental income is approximately $7,150, with gross yearly income of $85,800. Yearly expenses are approximately $20,150, creating an estimated net yearly income of $65,650. No rent control, state inspected, and a strong long-term rental investment in one of Harrison's desirable markets.