Welcome to 288 Devon Street—a fantastic, fully vacant 3-unit multi-family property perfectly positioned in the heart of Hudson County! Whether you're an astute investor looking for robust rental demand or an owner-occupant seeking rental income to offset your mortgage, this turn-key property delivers exceptional value, modern updates, and breathtaking NYC skyline views.
Property Features & Unit Breakdown
This meticulously maintained home features independent utilities for all three units, ample storage, and recent capital improvements.
• Basement: Unfinished space featuring newer electrical panels, newer water heaters, a new water meter, new main line valves, a newer paved driveway with a water-sealed wall, and dedicated washer/dryer hookups, office/locked storage space.
• 1st Floor Unit: A spacious layout offering 2 comfortable bedrooms, a dedicated office, a bright living room, a formal dining room, a full kitchen, and a full bathroom.
• 2nd Floor Unit: An expansive layout featuring 3 bedrooms, a dedicated office, a living room, a dining room, a full kitchen, and a full bathroom.
• 3rd Floor Unit: Recently renovated featuring 2 bedrooms, an open living area, an eat-in kitchen equipped with brand-new appliances, and modern finishes.
• Exterior & Grounds: Features a private yard area, dedicated parking, and stunning NYC views.
• Compliance: Last State inspection passed in 2023 (next inspection scheduled for 2030).
Discover Kearny: Small-Town Charm & Big-City Convenience
Kearny serves as a vibrant commercial and residential hub, offering everyday convenience through local produce markets, a variety of restaurants, and major regional retailers like BJ’s, ShopRite and Walmart. Commuters enjoy immediate access to Route 21, the New Jersey Turnpike, and Route 280. Local NJ Transit bus service connects directly to Newark Penn Station/PATH and Journal Square, making trips to Midtown Manhattan achievable in well under an hour. Property is in close proximity to parks, library, elementary school, high school and shops and restaurants in Kearny Avenue.
Strong Investment Fundamentals
• High Rental Demand & Appreciation: Kearny features a stable tenant pool where roughly half of households rent, with average rents running above the national average and market values continuing to trend upward for long-term equity growth.
• Turn-Key Flexibility & Operational Efficiency: Being fully vacant allows the new buyer to immediately set market-rate rents and hand-select tenants without old lease baggage, while independent utilities for all three units eliminate landlord-paid utility overhead to maximize net operating income.
Important Notice: Interested parties are required to complete a qualification questionnaire prior to scheduling a showing. Please respect the owner's privacy—DO NOT enter the property without authorization.