Courtesy: EREALTY ADVISORS, INC.Office Phone:;
Back in the market with TWO NEWLY VACANT units! 4 apartments in 2 buildings. The asking price is based on the two vacant units. CAP RATE will be an estimated 7.5% once the two units are renovated and rented by the new owner. One block away from Bergenline ave and less than 30 minute commute to NYC. Close to schools, restaurants, and grocery stores. Come and see ...A rare opportunity in today's real estate market. The front building has two apartments with 3 bedrooms each. One has 1 bath and the other with 2 full baths. The other building is located directly behind and has 2 apartments with 2 bedrooms and 1 bath each. In between the two buildings is a private common area for all tenants for their enjoyment where their barbecue grills are located. The current owner offers an FHA assumable mortgage, arranged and already approved by the mortgage servicer, with a very attractive interest rate. For cap rate worksheet, See the attached. This sale is strictly "As Is". Buyer is responsible to obtain certificate of occupancy.
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
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