$699,500
Pending

490 Larch Avenue

Bogota, NJ 07603
Type:Purchase
Structure:2 Family
Zone:Residential

Description

Great opportunity to invest and/or owner-occupy. This 2 family home with 2 car garage is situated in a very desirable neighborhood and conveniently located to everything in Bogota and neighboring towns. Close to schools, churches, NYC transit, major highways, groceries, local entertainment, and a variety of dining options. Affordable property taxes, maintenance, and low carrying costs-- projected 2025-26 gross income up to $60,000 per year. Current income and expenses available upon request to qualified buyers. Second floor unit is currently Month-to-Month and may be vacated for a primary residence. +/- 5.5% cap rate for the savvy cash buyer, even in this shifting market.

  • Property Details
      • Date ListedMarch 26, 2025
      • Property TypePurchase
      • Original List Price$699,500
      • MLS #25009577
      • Property Subtype2 Family
      • MLS #25009577
      • Cost699500
      • Subdivision400

Location

Julio GallardoReal Estate Group
OR

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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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