327 Franklin Avenue

Ridgewood, NJ 07450

$930,000
Last Sold Price
5
Beds
2
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

The perfect 2-family investment opportunity located close to the heart of Ridgewood where you can enjoy restaurants, shopping and easy transportation into NYC! This top-bottom colonial has has been completely renovated within the last 2 years with new kitchens, new baths and new flooring! The 1st floor offers 2 bedrooms, 1 bath, living room and eat-in kitchen. The 2nd floor features a living room, eat-in kitchen, primary bedroom and full bath while the 3rd floor has 2 additional bedrooms and room...The perfect 2-family investment opportunity located close to the heart of Ridgewood where you can enjoy restaurants, shopping and easy transportation into NYC! This top-bottom colonial has has been completely renovated within the last 2 years with new kitchens, new baths and new flooring! The 1st floor offers 2 bedrooms, 1 bath, living room and eat-in kitchen. The 2nd floor features a living room, eat-in kitchen, primary bedroom and full bath while the 3rd floor has 2 additional bedrooms and room for an office or playroom. Large private backyard and patio and plenty of parking with a garage and carport. Each unit has separate washer & dryer, storage and utilities. This opportunity offers a positive cash flow and attractive cap rate.
  1. Listed by SEAN FARLEY • TERRIE O'CONNOR REALTORS

Property Details for 327 Franklin Avenue

Directions
MAPLE to FRANKLIN
Days On Market
49
LISTING UPDATED: 12/19/2024 04:24 PM

Property Details for 327 Franklin Avenue

StatusSold
MLS #3923407
Days on Market49
Taxes$12,996 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1923
Lot Size0.21 AC / 9,147 SF
CountyBergen County

Building Information for 327 Franklin Avenue

Stories-Residences2Year Built1923Building Size-Lot Size0.21 AC / 9,147 SF

Property Information for 327 Franklin Avenue

Summary
Location and General Information
  • Active Days on Market: 62
  • Renovated Year: 2022
  • County #: Bergen
  • Town Name: Ridgewood Village
  • Block Identifier: 3611
  • Listing Type: Exclusive Right to Sell
  • Town #: 1151.0
  • Street # Display: 327.0
  • # Parking Spaces: 2
  • County Or Parish: Bergen
  • Street Name: Franklin Ave
  • Zip Code: 07450-3316
  • Total Units: 2
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $12,996
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 463500.0
  • Tax ID For Property: 1151-03611-0000-00016-0000-
  • Tax Rate Amount: $3
  • Tax Rate Tax: *
  • Tax Rate Year: 2023
  • Tax Year: 2023
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: 2 Car Width
  • # Garage Spaces: 1
  • Garage Description: Carport-Detached, Detached Garage
Property
Lot Information
  • Lot Identifier: 16
  • Approximate Lot Size: .209 AC
  • Total Acres: 0.21
  • Construction Date/Year Built: 1923
Property and Assessments
  • Assessment Bldg: 200800.0
  • Assessment Land: 262700.0
Utilities
  • Cooling: Window A/C(s)
  • Water: Public Water
  • Heating: Radiators - Hot Water
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Clapboard
  • Exterior Features: Patio
Interior Features
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Unfinished
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Dryer, Microwave Oven, Range/Oven - Gas, Refrigerator, Washer
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 2
  • Unit 1 Fireplaces: 1.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Lease Expiration: 10-31-2024
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
  • Unit 1 Rent: 2400.0
  • Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living Room, Master Bedroom
  • Unit 1 Rooms: 4.0
  • Unit 1 Security Deposit: 3525.0
  • Unit 1 Sq Ft: 0.0
Unit 2 Information
  • Unit 2 Appl/Equip: Dryer, Microwave Oven, Range/Oven - Gas, Refrigerator, Washer
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 3
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Lease Expiration: 03-31-2026
  • Unit 2 Levels: 2.0
  • Unit 2 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
  • Unit 2 Rent: 3350.0
  • Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living Room, Master Bedroom
  • Unit 2 Rooms: 5.0
  • Unit 2 Security Deposit: 4950.0
  • Unit 2 Sq Ft: 0.0
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $11,848.00
  • Expenses Include: Taxes
  • Net Operating Income: $57,152.00
  • Gross Operating Income: $69,000.00

Property History for 327 Franklin Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 327 Franklin Avenue

Taxable ValueLand$262,700Additions$200,800Total$463,500
Tax Record2022$11,848 ($987 / month)
Home Facts
Total Finished SqFt1,881 SqFtAbove Grade Finished SqFt1,881 SqFtStories2Lot Size9,104 SqFtStyleDuplexYear Built1923ZoningR2CountyBERGENAPN51 03611-0000-00016

Schools near 327 Franklin Avenue

This home is within Ridgewood Public School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Travell Elementary School
PublicK to 5

Benjamin Franklin Middle School
Public6 to 8

Ridgewood High School
Public9 to 12

Somerville Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of TERRIE O'CONNOR REALTORS, SEAN FARLEY

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked 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. Last date updated: 01/02/2025 07:01 PM. Source: New Jersey Multiple Listing Service, Inc. © 2025 New Jersey Multiple Listing Service, Inc. All rights. The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated: 01/02/2025 07:01 PM © 2025 New Jersey Multiple Listing Service Inc. All rights reserved.