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490 Larch Avenue

Bogota, NJ 07603
  • $760,000
  • STATUS: Active
  • ON SITE: 18 Days
  • MLS #: 24033234
$760,000
  • 4
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1920
County:
Area:

School Ratings & Info

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.

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© 2024 New Jersey Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trompeter Real Estate. The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Trompeter Real Estate are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. Data last updated: 2024-11-03T00:16:45.927.
www.trompeterrealestate.com/homes/156757907
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490 Larch Avenue Bogota, NJ 07603

  • Price: $760,000
  • Status: Active
  • On Site: 18 Days
  • MLS #: 24033234
4
Beds
3
Baths
0
½ Baths
N/A
Acres
1920
Built
Neighborhood:
Bogota
County:
Bergen
Area:
Bogota
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.
Exterior Features

Exterior Finish Other Garage DetachedO/See Remk Lot Description Regular Style 2 Family Sub Style Top/Btm Views And Exposure East Waterfront None

Interior Features

Basement FinishedFullFulluse Basement Description FinishedUtilitiesStorage Fireplace None Heat Cool BaseboardGasHot AirO/See RemkRadiatorsMulti-Zone Laundry In Unit Rooms 10

Property Features

Flood Plain None Lifestyle Close/ParksClose/SchoolClose/ShopgClose/TransClose/WrshpOne Floor Living Miscellaneous None Ownership Private Taxes 13114 Utilities Sep ElecSep GasSep Heat Year Built 1900-1939Renovated

Listing provided by Sung Min Yoo of Keller Williams Town Life: (201) 894-8004.


© 2024 New Jersey Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trompeter Real Estate. The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Trompeter Real Estate are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. Data last updated: 2024-11-03T00:16:45.927.
 
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