Tenants are month to month. Their rent is low. The comps say they could be significantly higher. There is a 3 bedroom unit and a 5 or 6 bedroom unit (if 5, then use the 6th area as a family room - it is large!). With possible rents hovering around 1800 for 3 bedroom unit and 2050 for larger unit your cap rate is between 6 and 7% at the above suggested rates. Some changes to the furnishings would bring them higher. If you are thinking of living here, both apartments present large living spaces. Terrific as an investment or a place to call your own.
Listing Agent: Elliott Banen Agent phone: (201) 248-0267 Courtesy of: Coldwell Banker, Wyckoff/Franklin Lakes Office phone: (201) 891-6700 Office phone: (201) 891-6700 The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Simply Real Estate are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing Service, Inc. 2022 New Jersey Multiple Listing Service, Inc. All rights reserved. Updated: 3rd February, 2023 1:24 PM (UTC)