Property Description

Turnkey all-brick 12-unit multifamily investment opportunity in Hillside! Offered as a portfolio, 4338 & 4342 Warren Ave consists of two well-maintained 6-flat buildings, each featuring an ideal unit mix of five spacious 2-bedroom units and one 1-bedroom unit, supporting strong and consistent tenant demand. The property is fully occupied and delivers dependable in-place cash flow from day one. This is truly a pride-of-ownership asset, meticulously maintained and thoughtfully improved, making it a rare turnkey opportunity with minimally deferred maintenance. Major capital improvements include new tear-off roofs with 50-year shingles, over 100 new windows, updated electrical panels, high-efficiency boilers, newer water heaters, sump pumps, and LED lighting throughout. 10 of the 12 units have been renovated with attractive modern finishes, including luxury vinyl plank flooring, refinished hardwood floors, updated kitchens, and upgraded fixtures. Exterior improvements include a brand-new parking lot (2024), tuckpointed brick, new gutters and downspouts, fascia upgrades, and a secure dumpster enclosure. Additional amenities include on-site laundry with Speed Queen machines, dedicated parking, private patio area, monitored security camera system, and convenient access to public transportation, parks, and local amenities. Significantly reduced real estate taxes further enhance the property's return and overall cap rate potential. This is a rare chance to acquire a fully stabilized, high-performing multifamily portfolio asset with strong current income, pride of ownership, and long-term upside. Seller prefers to sell 4338 & 4342 Warren Ave together as a portfolio. MLS ID 12603897

Property Features