Zvonko Veskov Brokers $1.43M Sale Of Garfield Multifamily Property

68 Mac Arthur Avenue, a multi-family property in Garfield, sold for $1,437,500. The property features 8 one-bedroom apartments, each with separate utilities. With potential for increased rental income due to below-market rents and month-to-month leases, this property offers a prime investment opportunity. Situated in a convenient location near mass transit and amenities.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,437,500
• Units: 8
• Price Per Unit: $179,688
• Address: 68 Mac Arthur Avenue
• Market: Garfield

Zvonko Veskov from New Jersey Homes & Estates represented the deal as the broker. The sale of this multi-family property showcases the potential for investment in the Garfield area, leveraging the property's unique features and location to attract buyers looking for a lucrative opportunity in the real estate market.