490 Larch Avenue new to site

Bogota,NJ 07603

$ 760000

4 Beds

3 Baths

- SqFt


Key Details

Property Type Multi-Family

Sub Type 2 Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 24033234

Style 2 Family

Bedrooms 4

Full Baths 3

Annual Tax Amount $13,114

Property Description

Great opportunity to invest and/or owner-occupy and collect strong rental income. +/- 5.5% cap rate for the savvy cash buyer in this shifting market. Property can still be cash flow positive even with climbing interest rates-- Non-QM loans and creative financing available. This well-maintained, high income-producing 2 family is in a very desirable neighborhood and conveniently located to everything in Bogota and neighboring towns. Affordable property taxes, maintenance, and low carrying costs-- with projected 2025 gross income over $57,000 per year. Income and expenses can be available upon request. Second floor unit is currently Month-to-Month and may be vacated for a potential for owner-operator to use.

Location

State NJ

County Bergen

Area Bogota

Interior

Heating Baseboard,Gas,Hot Air,O/See Remk,Radiators,Multi-Zone

Fireplaces Type None

Laundry In Unit

Exterior

Exterior Feature Other

Garage Detached,O/See Remk

Utilities Available Sep Elec,Sep Gas,Sep Heat

Waterfront Description None

View East

Building

Lot Description Regular

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