$760,000
For Sale

490 Larch Avenue

Bogota, NJ 07603
Browse 21 photos
Type:Purchase
Structure:2 Family
Zone:Residential

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.

  • Property Details
      • Date ListedOctober 15, 2024
      • Property TypePurchase
      • Original List Price$760,000
      • MLS #24033234
      • Property Subtype2 Family
      • MLS #24033234
      • Cost760000
      • Subdivision400

Location

Susan Camus | Imagine PropertiesReal Estate Group
OR

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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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