Bought with Michael Arabia Evelyn G. Rafter & Associates
$862,500
$890,000
3.1%For more information regarding the value of a property, please contact us for a free consultation.
4 Baths
SOLD DATE : 12/17/2024
Key Details
Sold Price $862,500
Property Type Multi-Family
Sub Type 4 Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 24026900
Sold Date 12/17/24
Style 4 Family
Full Baths 4
Property Sub-Type 4 Family
Property Description
This 4-family house in the heart of Cliffside Park is an outstanding investment opportunity. Each of the four units is a one-bedroom apartment, fully occupied with tenants on a month-to-month basis, allowing for future leasing flexibility. The property generates a gross rent of $63,564 annually, with a net income of approximately $40,000. These figures do not include additional income potential from parking. The property features a long driveway and a two-car garage, providing ample parking space. Located in a prime area, it's close to transportation, shopping centers, schools, restaurants, and parks, making it highly attractive to tenants and investors.
Location
State NJ
County Bergen
Interior
Laundry Basement
Exterior
Garage Spaces 2.0
Read Less Info
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111 Howard Blvd. Suite 202, Arlington, Jersey, 07856, United States