1. New Jersey
2. Bogota
3. 490 Larch Avenue

490 Larch Avenue, Bogota, NJ 07603

• 4 beds |
• 3 baths

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.

Listing Status:

Active

Date Added:

October 15, 2024 at 05:00AM

Listing Office:

Keller Williams Town Life : 201-894-8004

Listing Agent:

Sung Min Yoo : (201) 994-9295

MLS ID:

24033234

Interior

• Rooms: 10
• Laundry: In Unit

Location

Utilities

This listing courtesy of Sung Min Yoo, Keller Williams Town Life