130 Garfield Ave, Lodi, NJ 07644-1562
130 Garfield Ave, Lodi, NJ 07644-1562Basic Details
- Date added: Added 3 weeks ago
- Type: Residential
- Category: For Sale
- Status: Closed
Description
-
Description:
This Lodi, New Jersey property at 130 Garfield Ave presents a unique opportunity with two structures situated on a single lot, encompassing four distinct residential units. The combined living space offers a total of 16 rooms, with 8 bedrooms and 4 full bathrooms distributed across the units. This configuration provides significant rental potential and flexibility for various living arrangements. The property is equipped with individual utilities for each unit, ensuring efficient management and tenant responsibility.
Recent updates have been made to enhance the property's appeal and functionality. Two of the four units have undergone renovations within the past two years, bringing modern finishes and amenities to these spaces. The property is described as well-kept, indicating a commitment to maintenance and preservation. Currently, two of the units are rented at rates below market value, suggesting an opportunity for increased income through rent adjustments upon vacancy or lease renewal.
The unit breakdown includes one one-bedroom unit, one three-bedroom unit, and two two-bedroom units. The current rental income generates a monthly gross of $6,300, equating to an annual gross income of $75,000. With yearly expenses totaling $17,548, the net income for the property is $58,052. This financial performance highlights the property's value-add potential for investors seeking a stable income stream in a desirable location.
Conveniently located, the property offers easy access to essential amenities and transportation. It is situated close to the train station and public transportation options, facilitating commutes. Proximity to schools, shopping centers, and major highways further enhances its appeal to residents. The property is built on a level lot of approximately 25,100 square feet and features a composition shingle roof and stucco and vinyl siding exterior. Heating is provided for all four units, utilizing natural gas.
Property Details
- Parking: On-Street Parking
- Price per sqft: $269
- Cooling features & Heating features: 4 Units
- Bedrooms: 7
- Bathrooms: 4
- Appliances: Carbon Monoxide Detector, Smoke Detector
- Source: NJMLS
- MLS Number: 26035169
- Area: 3640 sq ft
- Total rooms: 4
- Year built: 1950
Amenities & Features
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Parking
Parking Information
- Parking/Driveway Description: On-Street Parking
- Garage Description: On-Street Parking
Interior
Bathroom Information
- # Of Full Bathrooms: 4
Room Information
- # Of Rooms: 15
- Has Basement
- Basement Description: Bilco-Style Door
Interior Features
- Interior Features: Carbon Monoxide Detector
Heating & Cooling
- Heating: 4 Units
- Heating Fuel Type: Gas-Natural
Exterior
Exterior Features
- Siding Description: Stucco
- Roof Description: Composition Shingle
Building Information
- Construction Date/Year Built Description: Approximate
Property Information
- Unit Style: 2-Two Story
- Renovated Year: 2020
Lot Information
- Lot Description: Level Lot
- Approximate Lot Size: 25,100
Financial
Tax Information
- Tax Amount: $12,853
- Tax Rate Amount: $3.54
- Tax Year: 2025
- Tax Rate Year: 2026
Assessment Information
- Assessment Building: $247,000
- Assessment Land: $116,100
- Assessment Total: $363,100
Utilities
Utility Information
- Utilities: Gas-Natural
- Sewer: Public Sewer
- Water Source: Public Water
Location
Multi Unit Information
- # Of Units: 4
- Net Operating Income: 58052
- Gross Operating Income: 75000
- Total Operating Expenses: 17548
- Expenses Include: Hot & Cold Water
Unit 1 Information
- # Of Bedrooms: 1
- # Of Bathrooms: 1
- # Of Levels: 1
- # Of Rooms: 3
- Room Description: Bedrooms
- Appliances/Equipment: Carbon Monoxide Detector
- Owner/Tenant Pays: Tenant Pays Electric
- Rent: 1750
- Security Deposit: $1
- Total Sq. Ft.: 850
Unit 2 Information
- # Of Bedrooms: 3
- # Of Baths: 1
- # Of Levels: 1
- # Of Rooms: 5
- Room Description: Bedrooms
- Appliances/Equipment: Carbon Monoxide Detector
- Owner/Tenant Pays: Tenant Pays Electric
- Rent: 2250
- Security Deposit: $1
- Total Sq. Ft.: 1,000
Unit 3 Information
- # Of Bedrooms: 2
- # Of Baths: 1
- # Of Levels: 1
- # Of Rooms: 4
- Room Description: Bedrooms
- Appliances/Equipment: Carbon Monoxide Detector
- Owner/Tenant Pays: Tenant Pays Electric
- Rent: 1150
- Security Deposit: $1
- Total Sq. Ft.: 865
Unit 4 Information
- # Of Bedrooms: 2
- # Of Baths: 1
- # Of Levels: 1
- # Of Rooms: 4
- Room Description: Bedrooms
- Appliances/Equipment: Carbon Monoxide Detector
- Owner/Tenant Pays: Tenant Pays Electric
- Rent: 1150
- Security Deposit: $1
- Total Sq. Ft.: 925
School Information
- Elementary School: COLUMBUS
- Middle/Jr. High School: JEFFERSON
- High School: LODI HS
Public facts
- Beds: —
- Baths: —
- Finished Sq. Ft.: 1,978
- Unfinished Sq. Ft.: —
- Total Sq. Ft.: 1,978
- Stories: 2.0
- Lot Size: 2,500 square feet
- Style: Single Family Residential
- Year Built: 1910
- Year Renovated: —
- County: Bergen County
- APN: 3100013 00013
Other
Listing Information
- Attribution Contact: 201-522-7641
Nearby Schools
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Schools: Roosevelt School
- Public
- PreK-5
- Assigned
- 0.2 miles
Thomas Jefferson Middle School- Public
- 6-8
- Assigned
- 0.2 miles
Lodi High School- Public
- 9-12
- Assigned
- 1.1 miles
Roosevelt School No 7- Public
- PreK-5
- Assigned
- 0.5 miles
Lodi Middle and High School- Public
- 6-12
- Assigned
- 0.7 miles
Bergen Arts And Sciences Charter School- Charter
- K-12
- Assigned
- 0.3 miles
Madison School No 10- Public
- PreK-5
- Assigned
- 0.6 miles
Felician School for Exceptional Children- Private
- 4-12
- Assigned
- 0.5 miles
Immaculate Conception High School- Private
- 9-12
- Assigned
- 0.4 miles
Place
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Place: Blackjack Mulligan’s Public House
- Sports Bar
- American Restaurant
- Restaurant
Donnie & Juniors- Dive Bar
- Bowling Alley
The Lounge - Felician College- Cocktail Bar
- Lounge
Grateful Bread- Bakery
- Coffee Shop
- Restaurant
Lodi Mini Mart- Coffee Shop
Sweet Belly 3D/4D Ultrasound Studio- Hospital
MO's Banquet Hall & Events- Concert Hall
- Music Venue
Boys & Girls Clubs of America- Music Venue
Lodi Rec Tee Ball- Stadium
- Recreation Center
Magsstore- Arts and Entertainment
Agent
MICHAEL N TODARO
SERHANT NEW JERSEY LLC
Location
Other Bergen County Communities.
Explore other towns in Bergen County.
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