109 Bergen Ave, Bergenfield, NJ 07621

This residential income property located at 109 Bergen Ave in Bergenfield, NJ, presents a notable investment opportunity. Built in 1916, the property is situated on a 4,874 square foot lot. The structure offers two distinct living units, each designed to provide comfortable accommodations. Unit 1 includes a living room, dining area, a well-appointed kitchen with stainless steel appliances, one bedroom, and a full bathroom. This unit also benefits from exclusive access to a full, partially finished basement, which contains a versatile bonus room suitable for various uses, such as a home office or additional storage. An in-unit laundry area is also provided for convenience.

Unit 2 features a functional layout comprising an eat-in kitchen, a spacious living room, one bedroom, and a full bathroom. Both units contribute to the property's overall appeal for potential occupants or renters. The property is equipped with a two-car detached garage, offering ample parking and storage solutions. Outdoor amenities include a small deck and a paver patio, creating pleasant spaces for relaxation and entertaining.

Currently, both units are occupied under month-to-month leases. The existing rental income is reported to be below market value, indicating a potential for increased revenue over time. This situation offers flexibility for investors seeking to maximize returns or for future owner-occupants who may choose to occupy one unit while renting the other. The property is being sold in its current condition, "As-Is," and the sale is contingent upon the seller completing a 1031 exchange.

The total finished square footage for the property is 1,286 square feet. Utility services include natural gas and electricity. The property is conveniently situated in Bergenfield, with proximity to various amenities such as shopping centers, dining establishments, parks, schools, and public transportation options. Annual property taxes are reported at $10,309. This offering represents a significant opportunity within a sought-after location.