773-775 Florence Place, Cliffside Park, NJ 07010 | MLS 23003405 | Listing Information | Berkshire Hathaway HomeServices Abbott Realtors | Berkshire Hathaway HomeServices Abbott Realtors
SOLD
$1,060,000  
Date 05/01/2023

773-775 Florence Place
Cliffside Park, NJ 07010

Fourplex
Residential Income
4
Beds
4
Baths
3,899
Sq. Ft. Lot
Courtesy: Prominent Properties Sotheby's International Realty-Edgewater

Description for 773-775 Florence Place Cliffside Park, NJ 07010

RARE INVESTMENT OPPORTUNITY to own this beautifully updated four family home situated on a charming treelined street. The property is located in the heart of Cliffside Park with shopping, restaurants, and transportation to NYC only a block away. All utilities separate with the exception of water, laundry on-site & coin operated, and detached two car garage w/ additional spots. Current gross income is $79,440 with the potential to increase $93,000 annually based on current market rents. Potential net income of $73,090 would result in a cap rate of 5.67% at list price.

Property Details

23003405
Fourplex, Other
4
BERGEN
4 Full
3,899 Sq. Ft.
Public
Public Sewer
17
Bathrooms
4
Total:4
Interior Features
Heating
Gas Heat, Electric Heating. Baseboard.
Fireplaces
1.
Financial Considerations
Private
020603301 00004
$13,795

Market Trends

Courtesy: Prominent Properties Sotheby's International Realty-Edgewater
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All information deemed reliable but not guaranteed. Last date updated: 4/18/2024.
Source: New Jersey Multiple Listing Service, Inc.

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Information is deemed reliable but is not guaranteed.