89 King Street

Description

Own an income-producing 3-family on an oversized lot (approx. 75×100;) in the heart of Nutley. Designed for today’s buyer: separate utilities (reduced owner overhead), off-street parking, and basement laundry for everyday convenience. Current rent profile delivers day-one cash flow with flexibility to reposition or owner occupy thanks to a 1BR at $1,800 (month-to-month) plus a 2BR at $2,500 (1-yr) and 3BR at $2,850 (1-yr). Interior updates include newer flooring, refreshed baths, and updated appliances; two kitchens have been renovated and one features upgraded counters/sinks (per seller). A full basement with half bath adds storage/utility. Sought-after Nutley location near shops/dining, parks, major highways, and NYC transit options. 2024 taxes $17,061. Potential to optimize further—bring your plan and unlock the upside of oversized lot.