348 Kearny Ave
Kearny, NJ 07032
Specialized Asset - Rooming Houses · Immeuble residentiel Propriété À vendre

High-Density Income Generation: Multi-unit asset offering strong cash flow potential across multiple properties (Individual Rooms, 2 x Studio apartments, 1 x 1BD Apartment), positioning an investor to maximize revenue per square foot.
Immediate Value-Add Opportunity: Currently operating well below full occupancy with multiple inactive units, immediate revenue expansion without major structural expansion.
Turnkey Interior Upgrades: Over $100,000 recently invested in capital improvements, permitting, and license remediation, including new vinyl flooring and fresh paint across multiple properties.
Low Initial Tax Burden: Current assessed taxes keep fixed overhead relatively low while restabilizing operations.
Repositioning Flexibility: Zoning provides flexibility for potential long-term repositioning or unit-mix optimization depending on local municipal allowances.
Location: Properties situated in Kearny (Hudson County) and Lodi (Bergen County), NJ — positioned directly within NYC commuting corridors and in close proximity to major NJ hubs of Newark, Paterson, and Jersey City.
Transit & Commute: Highly walkable (Walk Score 80/100) and transit-accessible (Transit Score 90/100). Located ~1 mile from the Harrison PATH station and close to NJ Transit rail (Newark Broad St) for direct access into Manhattan.
Strong Demand for Workforce/Student Housing: Minutes from major employment and educational hubs, including Rutgers-Newark (1.5 mi), NJIT, Essex County College, and Saint Michael’s Medical Center aligns well with high local demand for affordable/workforce housing and nearby university populations.
For more information, see our website: https://auctionadvisors.com/property-details/property_443/