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Englewood,NJ 07631
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25032451
Style 4 Family
Full Baths 4
Property Sub-Type 4 Family
Property Description
Exceptional 4-family offering a perfect income-producing investment. It delivers an 8% in-place cap rate, a rare find in Bergen County. | Phenomenal cash-on-cash returns of 8.7% (& 13.2% projected) at 25% down, providing immediate cash flow and a path to higher returns. | Only eight 4-families have sold in Bergen County in the past six months, w/ comps at $1.1 - $1.2 M (ask for details). | Two upper duplex units each feature 2 BR + office (flex 3 BR), while the two lower units are spacious 2 BRs. | All apartments have market-rent upside even WITHOUT renovations, & the unfinished basement can readily add coin-op laundry for extra income. | Capital improvements include updated baths, a 6-year-old roof, 4 separate boilers installed 2016, & 4 newer hot water heaters, w/ separate PSE&G utilities (5 electric, 4 gas meters) to keep operating costs low & predictable. | Current rent roll is $108K+ with $85K NOI (net income), with excellent rental history. | The owner’s duplex can be delivered vacant (or Seller willing to stay at market rent if preferred), allowing a market-rate lease or an owner-occupant to live onsite while collecting income. | TEXT 2O12849OO9. | Located on a quiet dead-end street just blocks from downtown Englewood, transit, restaurants, & shops, this property combines great, stable income, high positive cash flow from day one, growth potential, & low expenses / maintenance, making it one of Bergen County’s most compelling multifamily investments.
Location
State NJ
County Bergen
Interior
Laundry In Unit,See Remarks
Others
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