Overview

Description

71 Mt Vernon Street in Ridgefield Park NJ is a value-add repositioning opportunity with approved plans to convert the 2 existing commercial structures into 5 residential apartments. The property consists of 2 buildings which are currently configured as 2 office units and 1 residential unit. There is on-site parking spaces for 10 cars. The approved plan provides for two 3-bedroom 1.5 bath units and one 1 bed 1 bath units in the main building and two 1-bedroom 1 bath apartments in the rear structure. The approved plan covers all remodeling to reconfigure existing interior floor plans in both buildings while preserving the existing exteriors architectural details. The property is located within steps of the Ridgefield Park Central Business District. Current ownership has occupied the main office space since 1995 and has made numerous upgrades to the property over the years. The property is in excellent condition and being sold “as is”. Ridgefield Park is a high barrier to entry market, a sort after rental area, has strong demographics and close proximity to NYC.

Highlights

• Approved Plans
• 5 Large Residential Units
• On Site Parking
• Easy Lift

Documents

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