275 Grand 6 Unit Apartment Building $3,028,232 CAD ($504,705 CAD/Unit) 6% Cap Rate Leonia, NJ 07605

Turnkey 6-Unit Multifamily Investment | Premium Location & Major Capital Upgrades
Excellent cash flow meets worry-free ownership. This exceptionally well-maintained, brick-faced 6-unit building offers a rare combination of immediate rental strength, high-demand unit layouts, and massive recent capital improvements. Situated in a highly desirable pocket on a generous 7,700 sq. ft. lot (Zoned A-3), this property is a true "plug-and-play" asset perfect for 1031 exchange buyers or portfolio growth.
The building is fully occupied.
The Unit Mix & Strong Rental Demand features a highly rentable, investor-preferred layout optimized for stable tenant retention:
Consists of 5 Spacious Two-Bedroom Units: The highest-demand layout for families and working professionals looking for extra space.
1 Cozy One-Bedroom Unit: Perfect for a single professional or couple, ensuring a low-vacancy profile.
Turnkey Condition: 5 out of the 6 units have been recently renovated with modern finishes, allowing you to capture top-of-market rents immediately.
Extensive Capital Upgrades (Zero Deferred Maintenance)
Unlike most older multifamily assets, this building has been systematically upgraded with high-ticket infrastructure improvements, protecting your bottom line from unexpected capital expenditures:
Brand New Fire Sprinkler System: Fully modernized to satisfy the latest safety standards, significantly lowering insurance premiums and ensuring tenant safety.
New Parking Lot with 13 Off-Street Spots: A newly paved asphalt lot features an exceptional 13 dedicated parking spaces—a massive premium for tenants in this submarket (over a 2:1 parking-to-unit ratio).
New Professional Drainage System: Engineered and installed alongside the new parking lot to seamlessly manage runoff and protect the property's foundation for decades to come.
New Intercom system.
Classic Brick Facade: Durable, low-maintenance brick exterior translates to minimal exterior painting or upkeep costs over time.
Property & Location Highlights
Zoning: A-3 Zoning on a highly usable 7,700 sq. ft. lot, offering excellent long-term land value and regulatory stability.
Prime Location: Situated in a high-demand rental corridor with quick access to local shopping, dining, transit, and major commuter routes.
Tenants will love the convenience, and you will love the consistent demand.
Investor Note: With the heavy lifting already done—including the parking lot, major drainage, fire safety, and internal unit renovations—this property represents an incredibly rare, low-management multifamily asset.
Contact us today to receive the full financial package, rent roll, and to schedule a private walkthrough. Showings require 24–48 hours' notice out of respect for the tenants.