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15 Lakeview Pl, Verona Twp., NJ 07044

Beds
5
Baths
3

View property features, location on map, relevant school information and overview from seller's agent.

Listed byCENTURY 21 THE CROSSING
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Overview

Turnkey, income-producing 3-unit property delivering top-of-market rents in one of Essex County's most sought-after communities. 15 Lakeview Place has been fully renovated interior (2021), offering an investor a modernized asset with strong current cash flow and minimal near-term capital requirements. All three units are leased through July 31, 2026, generating a combined $6,559/month ($78,708 annually). Unit mix consists of two 2-bedroom/1-bath apartments and one 1-bedroom/1-bath with rents already at or near market, this is a true stabilized asset ready to perform from day one. Each unit is separately metered with tenants covering their own utilities, keeping operating costs predictable and landlord exposure low. Assigned driveway parking per unit and in-basement laundry round out a tenant-friendly package that supports strong retention with all leases rolling simultaneously in July 2026. The next owner will step in with a clean, stabilized income stream today and a straightforward path to renewing at market or re-tenanting from a position of strength. Verona continues to command premium rental demand thanks to its top-rated schools, walkable downtown, and direct NYC transit access making 15 Lakeview Place an ideal long-term hold in a high-barrier-to-entry market.

Location

Full feature list

Basic info

Property type
Multi-family
Number of stories
3
Number of bedrooms
5
Number of bathrooms
3
Lot size (acres)
0.17
Year built
1900

Interior features

Basement
Yes, Unfinished

Utilities

Heating
Natural gas
Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount (2025)
$16,841

Public schools

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Sourced from: Garden State MLS MLS®#: 4017441 Last checked:

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