Turnkey, income-producing 3-unit property delivering top-of-market rents in one of Essex County's most sought-after communities. 15 Lakeview Place has been fully renovated interior (2021), offering an investor a modernized asset with strong current cash flow and minimal near-term capital requirements. All three units are leased through July 31, 2026, generating… Read More a combined $6,559/month ($78,708 annually). Unit mix consists of two 2-bedroom/1-bath apartments and one 1-bedroom/1-bath with rents already at or near market, this is a true stabilized asset ready to perform from day one. Each unit is separately metered with tenants covering their own utilities, keeping operating costs predictable and landlord exposure low. Assigned driveway parking per unit and in-basement laundry round out a tenant-friendly package that supports strong retention with all leases rolling simultaneously in July 2026. The next owner will step in with a clean, stabilized income stream today and a straightforward path to renewing at market or re-tenanting from a position of strength. Verona continues to command premium rental demand thanks to its top-rated schools, walkable downtown, and direct NYC transit access making 15 Lakeview Place an ideal long-term hold in a high-barrier-to-entry market. Read Less
Courtesy of CENTURY 21 THE CROSSING, CHRISTOPHER HILL, 973-227-7000
Listing Snapshot
Days Online
0
Last Updated
Property Type
Other
Beds
5
Lot Size
0.17 Acres
Year Built
1900
MLS Number
4017441
30 Days Snapshot Of 07044
$881k
-2%
(avg) sold price
3
0%
homes sold
104
+30%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Unfinished, Yes
Building
Built in 1900
Cooling
Window A/C(s)
Exterior Features
Vinyl Siding
Water Features
Public Water
Heating
Gas-Natural, 3 Units
Interior Features
Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. GSMLS Data provided via Home Junction, Inc.
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