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Residential Income For Sale

58 Floyd Avenue, Bloomfield, NJ 07003

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Property Description

Excellent investment opportunity for investors or owner-occupants alike! This fully renovated brick two-family home was beautifully updated in 2020 with no detail overlooked and generates $61,500 in gross annual rental income. A true turnkey property offering strong cash flow potential, modern systems, and spacious layouts throughout. Each unit features 2 bedrooms plus an additional den ideal for a nursery or home office, along with a full dining room, living room, eat-in kitchen, and 1 full bath. Unit 1 is leased at $2,700/month and Unit 2 is leased at $2,425/month, providing immediate stable rental income. Both units offer central A/C and forced hot air, plus separate electric and gas meters, 2 water heaters, and 2 HVAC systems for added efficiency and convenience. The unfinished walk-out basement offers excellent potential for additional living space, storage, or future expansion. Additional features include separate washer/dryer hookups for each unit, front, side, and rear entrances, and a 2-car parking area in the back of the property. As an added bonus, the home includes 26 fully paid-off solar panels with transferable warranties, helping reduce utility costs while providing environmentally friendly energy savings. Conveniently located close to schools, shopping, restaurants, parks, and mass transportation, this rare turnkey multi-family property offers modern upgrades, strong rental income, and exceptional long-term value.

Basic Details
Property Type:
Residential Income
Listing Type:
For Sale
Listing ID:
26016641
Price:
$749,990
Status:
Active
Office Name:
Redfin Corporation
Agent Name:
Ashley
Features
Architectural Style:
2 Family
Laundry Features:
Basement
Utilities:
Sep Elec, Sep Gas, Sep Heat
Address Map
Country:
US
State:
NJ
County:
ESSEX
City:
Bloomfield
Zipcode:
07003
Street:
Floyd
Street Number:
58
Street Suffix:
Avenue
Longitude:
W75° 48' 31.8''
Latitude:
N40° 46' 31.4''
Additional Information
On Market Date:
2026-05-11
Financial
Tax Annual Amount:
16635
Listing Information
Co List Agent Mls Id:
492533
List Agent Mls Id:
1025789
List Office Mls Id:
250801
Mls Status:
Active
Modification Timestamp:
2026-05-13T18:44:21Z
Originating System Name:
njmls
Status Change Timestamp:
2026-05-11
Residential Income For Sale
Listing ID:
26016641
$749,990
Agent info
Contact Agent

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