473 Grand Avenue

Looking for a fully occupied Bergen County six-family with documented rent upside? 473 Grand Avenue, Leonia. Legal six-unit multi-family: five 2BR/1BA and one 1BR/1BA. 100 percent occupied, zero vacancies. Three-story brick, built 1964. Block 510 Lot 1, 9,043 square foot lot, 76 x 119. Approximate gross annual rent $104,826. Approximate 2025 operating expenses $40,120. Income and expense figures are owner-provided to the best of ownership's knowledge and are subject to buyer verification during due diligence. Holds a current NJ Department of Community Affairs state inspection certificate. Recent capital: central fire sprinkler and monitored wireless alarm 2025, exterior stucco masonry November 2025, new hot water heater January 2026, new blacktop parking area. Three of six kitchens updated. Windows replaced over the years. Six rear parking spaces, one per apartment, included in rent. Tenants separately metered for electric and cooking gas. Owner pays water, sewer, heat, hot water and common lighting. Comparable renovated two-bedroom units on Grand Avenue leased between $2,400 and $2,750 in 2026. Three original kitchens and a below-market superintendent unit are documented repositioning opportunity.