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130 Park Avenue, Englewood, NJ 07631

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For Sale

$1,065,000

10 beds • 4 baths

Estimated Payment

$      /mo. †

APR for 30 years

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  • Multi-Family (2-4 Units)
    Property type

Explore this Property

Exceptional 4-family in prime Englewood with an unheard of in-place 8% cap rate & projected pro forma 9.1% cap rate. Cash on cash returns are phenomenal, with 8.7% in place & 13.2% projected @ 25% down. Only 8 four-families sold in Bergen County over the past 6 months, underscoring how rare opportunities like this are. | The two upper units are duplex-style 2BR+office (flex 3BR), commanding higher rents than typical 2BR layouts, while the other two are spacious 2BRs. All units offer upside through market rent adjustments, even before any renovations. The basement also has easy potential for coin-operated laundry to generate ancillary income. | Investors benefit from 6 yr old roof, 4 boilers installed in 2016, 4 hot water heaters replaced in past 3 yrs, & fully separate PSE&G utils with 5 elec meters & 4 gas meters -- a setup that minimizes near-term expenses & landlord responsibility. | Current rent roll exceeds $108K annually w/ NOI of approx. $85K. Proj. rent roll $118K+, pro forma NOI ~ $95K. The ownerâ s duplex CAN be delivered vacant, creating immediate opportunity for a market-rate rental or personal use by an owner-occupant. | TEXT 2O12849OO9. | Located on a quiet dead-end street just blocks from downtown Englewood & close to transit, schools, restaurants, & shopping -- as well as MacKay Park w/ its ice rinks, tennis/bball courts, & more -- this property offers strong returns, updated systems, & one of Bergen Countyâ s most compelling multifamily opportunities.
MLS# 25032451

Courtesy Of Howard Hanna Rand Realty

(201) 666-0007

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.