490 LARCH AVE BOGOTA, NJ 07603

Features

• Lot Size: 5101 sq. ft.
• Total Units: 1
• Total Rooms: 8
• Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Basement, Bathroom 1, Bathroom 2, Bathroom 3
• Stories: 2
• Construction Type: Frame

Facts

• Year Built: 01/01/1910
• Property ID: 928973246
• MLS Number: 24033234
• Parcel Number: 04-00004-0000-00011
• Property Type: Single Family Home
• County: BERGEN
• Legal Description: 50X102
• Zoning: R1
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. 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.