114r Eagle Rock Avenue Roseland, NJ — $2,350,000

Listing data last changed 2/4/2024
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114R Eagle Rock Avenue | Roseland

$2,350,000

Presenting an enticing investment prospect on Eagle Rock Ave an exclusive opportunity for developers & investors. This furnished modern farmhouse rental property, nestled on 1.63 acres (0.25 acre zone) with a vacant lot bordering Essex Fells, comes with a guaranteed lease boasting 18months remaining at $12k/month. Secure over $200K in future rental income while creating your development possibilities or building additional rental opportunities. The property's blend of modern amenities, smart technologies, architectural design & scenic views enhances its appeal. A unique opportunity for development or additional rental options. The inclusion of a 1.06 acre vacant flag lot expands possibilities, allowing for creative development strategies. The property features 5.5 spa-like baths, Thermador chef's Kit, spacious BR & serene surroundings, adding to its allure. The potential to build on the rear lot while generating income from the front home makes this a versatile investment. NJMLS 24003268

MLS Listing ID: 
NJMLS 24003268
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$2,350,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Primary Market Area: 
Roseland
Address: 
114R Eagle Rock Avenue, Roseland, NJ 07068, U.S.A.
County: 
ESSEX
Public Remarks: 
Presenting an enticing investment prospect on Eagle Rock Ave an exclusive opportunity for developers & investors. This furnished modern farmhouse rental property, nestled on 1.63 acres (0.25 acre zone) with a vacant lot bordering Essex Fells, comes with a guaranteed lease boasting 18months remaining at $12k/month. Secure over $200K in future rental income while creating your development possibilities or building additional rental opportunities. The property's blend of modern amenities, smart technologies, architectural design & scenic views enhances its appeal. A unique opportunity for development or additional rental options. The inclusion of a 1.06 acre vacant flag lot expands possibilities, allowing for creative development strategies. The property features 5.5 spa-like baths, Thermador chef's Kit, spacious BR & serene surroundings, adding to its allure. The potential to build on the rear lot while generating income from the front home makes this a versatile investment.
Construction
Exterior Features: 
Other
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System Fuel: 
Gas
Cooling System: 
Central Air
Lot/Land Details
Details about the lots and land features included on the property.
Waterfront: 
0
Public Record
Annual Tax: 
$18,635.00
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
2/1/2024
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
Prominent Properties Sotheby's International Realt

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