257 Progress St, Riverside, NJ 08075

Property Description

Live in one and let the other help pay your mortgage! FHA mortgage with 3.5% down your monthly payment would be approximately $2445 Minus $1530 (rents from unit A and 2 garages). OR Prime Investment Opportunity: Versatile Turn-Key Duplex Both units are currently rented. Unit A is $1200 per month and Unit B is $1300 affective July 1, 2026 Presenting a well maintained multi-family residence that offers a rare blend of immediate cash flow and long-term appreciation. This classic duplex configuration is ideal for the savvy investor or an owner-occupant looking to utilize the rental to offset mortgage costs. Unit A: First Floor Located on the ground floor, this spacious 1-bedroom, 1-bathroom unit features a thoughtful layout designed for comfort and functionality. Living Space: Includes a distinct living room and a dedicated dining area, perfect for entertaining. Kitchen: Fully equipped kitchen with ample cabinetry. Bonus Amenities: Exclusive interior access to the full basement, providing expansive storage options and private laundry facilities. Unit B: Second Floor The upper-level residence offers an expanded footprint featuring 2 bedrooms and 1 bathroom. Layout: A bright and airy floor plan boasting a large living room and a formal dining area. Kitchen: Functional kitchen space with a layout optimized for modern living. Appeal: Washer and Dryer in unit. Walking distance to shopping, schools and transportation. Outdoor Space: Residents enjoy access to a generous, shared backyard—a premium feature for urban rentals, perfect for outdoor recreation and relaxation. Mechanicals & Maintenance: Separated utilities ensure streamlined property management and low overhead for the owner. Sewer line was just replaced. This property represents a robust addition to any portfolio. With its strategic layout and high-demand unit mix, it is positioned for consistent occupancy and strong rental yields. Schedule your private showing today to explore the potential of this premier income property. Easy access, schedule your appointment today. Additionally property includes 2 garages at the back of the property are accessible from Sylvan Street that are also generating owner income, each garage is rented for $165 per month.