Rental property in irvington N.J.

Multi-Family and Apartment Investing
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Rental property in irvington N.J.

Yehuda R.
Rental Property Investor · Member since 2019 · 36 posts · 14 votes

Hi,

I being offerd a 4 unit rental property in Irvington N.J. wanted to know more about the place .

if you have any experience their i would like to hear about it

Thank you very much 

Yehuda R.

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  • Brian Adzadi
    Allentown, PA · Member since 2016 · 515 posts · 404 votes
    7y
    @Yehuda R. When I was accompanying my in-laws on their home buying process in the Newark/Irvington area, my eyes opened on how hot the market is. Investors are picking up properties left and right in that area. Single family homes are being sold for $10-30K above asking price. I suspect because of the rising price of rentals in NYC, tenants are now moving to the Newark/Irvington area. Since the NJ transit can take them from Newark to Manhattan within an hour or so, tenants can get the best of both worlds. Make NYC money but pay NJ rent. Overall, what I am saying, if its a good deal, don't let it pass by. Investors are really hungry over there.
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  • Syed H.
    Developer · NY/NJ/PA · Member since 2018 · 758 posts · 935 votes
    7y

    Hate Irvington, love Newark. Irvington taxes are killer and are only going up. City is also a pain to deal with. Have a few friends would portfolios there and none are buying there anymore. Most are focused on Newark.

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  • Yehuda R.
    OP
    Rental Property Investor · Member since 2019 · 36 posts · 14 votes
    7y

    @ Syed H

    Thanks for your respond 

    Isn't newark over priced already? looks like Irvington has more potentials, am I mistaking ?

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  • Yehuda R.
    OP
    Rental Property Investor · Member since 2019 · 36 posts · 14 votes
    7y

    I'M being offerd a 2 unit rental property in ROSELLE N.J. wanted to know more about the place .

    if you have any experience their i would like to hear about it

    Thank you very much

    Yehuda R.

    0Reply
  • Kevin Rezvani
    Member since 2018 · 8 posts · 3 votes
    6y

    @Yehuda R. what are the details on property? Asking price, condition, vacant, etc?

    0Reply
  • Nate KLein
    Property Manager · Linden, NJ · Member since 2017 · 1 post · 0 votes
    6y

    @YEHUDA R. Roselle is a great area we manage there .

    0Reply
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