420 Prospect Ave, Bergenfield, NJ 07621

This two-family residence at 420 Prospect Ave in Bergenfield, NJ, presents a compelling opportunity. Both units are currently tenant-occupied, offering immediate income potential. A front vestibule serves as a shared entry point, providing access to each of the two distinct living spaces. The property is situated on a 7,749 square foot lot and was built in 1948.

The first-floor unit includes a living room, an updated eat-in kitchen equipped with white cabinetry and stainless steel appliances, two bedrooms, and one full bathroom. This unit also benefits from a convenient side entrance. The second-floor unit features an open living and dining area, an updated kitchen, two bedrooms, and one full bathroom. Additionally, this unit provides access to a pull-down attic for supplementary storage.

Shared amenities enhance the functionality of this property. The walk-out basement offers a communal laundry area and individual storage spaces for each unit. Recent updates include newer boiler systems and a water heater. The property is equipped with separate gas and electric meters, ensuring independent utility management for each residence. Parking is ample, with a two-car garage, a storage shed, a rear parking pad, and additional driveway space accommodating up to four vehicles in total.

Further enhancing the property's appeal is a fenced, shared yard. The landlord is responsible for water costs. This location offers convenient access to shopping, dining establishments, public transportation options, and major roadways. The property is well-suited for investors seeking to expand their portfolio or for owner-occupants looking to reside in one unit while generating rental income from the other.

The total finished square footage for the property is 1,651. The property is zoned for residential income and is a multi-family dwelling. Annual property taxes are approximately $13,000. Utilities available include natural gas and electricity, both of which are connected to the property. The property is located in Bergen County.