490 Larch Avenue

Bogota, NJ 07603

$760,000
Price
4
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Great opportunity to invest and/or owner-occupy and collect strong rental income. +/- 5.5% cap rate for the savvy cash buyer in this shifting market. Property can still be cash flow positive even with climbing interest rates-- Non-QM loans and creative financing available. This well-maintained, high income-producing 2 family is in a very desirable neighborhood and conveniently located to everything in Bogota and neighboring towns. Affordable property taxes, maintenance, and low carrying costs-- with...Great opportunity to invest and/or owner-occupy and collect strong rental income. +/- 5.5% cap rate for the savvy cash buyer in this shifting market. Property can still be cash flow positive even with climbing interest rates-- Non-QM loans and creative financing available. This well-maintained, high income-producing 2 family is in a very desirable neighborhood and conveniently located to everything in Bogota and neighboring towns. Affordable property taxes, maintenance, and low carrying costs-- with projected 2025 gross income over $57,000 per year. Income and expenses can be available upon request. Second floor unit is currently Month-to-Month and may be vacated for a potential for owner-operator to use.
  1. Listed by Sung Min Yoo • Keller Williams Town Life • (201) 994-9295

Property Details for 490 Larch Avenue

Style
2 Family
Sub style
Top/Btm
Waterfront
None
Garage
Detached, O/See Remk
LISTING UPDATED: 10/17/2024 07:42 AM

Property Details for 490 Larch Avenue

StatusActive
MLS #24033234
Days on Market45
Taxes$13,114 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 2 Family
Year Built-
Lot Size0.12 AC / 5,101 SF
CountyBergen County

Building Information for 490 Larch Avenue

Stories-Residences-Year Built-Building Size-Lot Size0.12 AC / 5,101 SF

Property Information for 490 Larch Avenue

Summary
Location and General Information
  • Area: 0204
  • Area name: Bogota
  • Flood plain: None
  • Street Name: Larch
  • County Name: BERGEN
  • Status: ACTIVE
  • Street Number Numeric: 490
  • Zip Code: 07603
Taxes and HOA Information
  • Tax: $13,114
Owner
  • Ownership: Private
Property
Lot Information
  • Lot size: 5101.0
  • Lot: 00011
  • Year Built: 1900-1939, Renovated
  • Views exposure: East
  • Lot Description: Regular
  • Miscellaneous: None
  • Block: 00004
Property and Assessments
  • Photo: Y
  • Photo Number: 21
  • CourtAppYN: No
Utilities
  • Sewer: Municipal
  • Utilities: Sep Elec, Sep Gas, Sep Heat
  • Heatcool: Baseboard, Gas, Hot Air, O/See Remk, Radiators, Multi-Zone
  • Cooling Type: Baseboard, Gas, Hot Air, O/See Remk, Radiators, Multi-Zone
Interior and Exterior Features
Interior Features
  • Bedrooms: 4
  • Baths full: 3
  • Baths partial: 0
  • Floor 1St: First Floor + Basement + Deck
  • Floor 2Nd: Second Floor
  • Floor 3Rd: Oversized 2 Car Garage
  • Basement: Finished, Full, Fulluse
  • Basement Description: Finished, Utilities, Storage
  • Number of rooms: 10
  • Laundry: In Unit
  • Lifestyle: Close/Parks, Close/School, Close/Shopg, Close/Trans, Close/Wrshp, One Floor Living
  • Full Baths Total: 3
  • Num of Baths: 3.0
Exterior Features
  • Fireplace: None
Agent
Sale and Listing Information
  • Search Class: 2to4
  • List Price: $760,000.00
  • Listing Date: 10-15-2024
  • Status Date: 10-15-2024
Showing Information
  • Internet Remarks: Great opportunity to invest and/or owner-occupy and collect strong rental income. +/- 5.5% cap rate for the savvy cash buyer in this shifting market. Property can still be cash flow positive even with climbing interest rates-- Non-QM loans and creative financing available. This well-maintained, high income-producing 2 family is in a very desirable neighborhood and conveniently located to everything in Bogota and neighboring towns. Affordable property taxes, maintenance, and low carrying costs-- with projected 2025 gross income over $57,000 per year. Income and expenses can be available upon request. Second floor unit is currently Month-to-Month and may be vacated for a potential for owner-operator to use.
Rental
Rental Information
  • Floor Lease 1St: 2025
  • Floor Lease 2Nd: M to M

Property History for 490 Larch 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 490 Larch Avenue

Taxable ValueLand$145,500Additions$164,900Total$310,400
Tax Record2022$13,114 ($1,093 / month)
Home Facts
Beds0Total Finished SqFt2,212 SqFtAbove Grade Finished SqFt2,212 SqFtStories2Lot Size5,101 SqFtStyleSingle Family ResidenceYear Built1910CountyBERGENAPN04 00004-0000-00011

Schools near 490 Larch Avenue

This home is within Bogota Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 8 to 12
Public - 6 to 7
Public - PK to 5
Rating
School
Distance
Lillian M. Steen Elementary School
PublicPK to 5

Bogota Jr Sr High School
Public8 to 12

Bogota Middle School
Public6 to 7

E. Roy Bixby Elementary School
PublicPK 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.

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490 Larch Avenue is a multi-family home for sale in Bogota, NJ 07603. This property was listed for sale on October 15, 2024 by Keller Williams Town Life, it's currently listed at $760,000. This listing's school district is Bogota Public School District. Nearby schools include Lillian M. Steen Elementary School, Bogota Jr Sr High School and Bogota Middle School. 490 Larch Avenue is a 4-bed, 3-bath, multi-family home.

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 Keller Williams Town Life, Sung Min Yoo

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: 12/03/2024 02:30 PM. Source: New Jersey Multiple Listing Service, Inc. © 2024 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: 12/03/2024 02:30 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.