USANJEnglewood130 Park Ave
130 Park Ave, Home with 10 bedrooms, 4 bathrooms and null parking in Englewood NJ | Image 1
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$1,064,000

130 Park Ave, Englewood, NJ

Real Estate

For Sale

$--,---,---
1040
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes $14,182
Days Active 17
Lot Size 
Approx. Age 
MLS® Number 25032451

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
MLS® Number25032451
Laundry LevelIn Unit, See Remarks
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

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