183 Bergen Tpke, Ridgefield Park, NJ 07660

This 4-family residential income property located at 183 Bergen Tpke in Ridgefield Park, NJ, presents a significant investment opportunity. The property is currently generating over $9,600 per month in gross rental income, translating to a cap rate exceeding 7%. This financial performance indicates a strong potential for return on investment for a discerning buyer.

A key feature of this multi-family dwelling is the recent updates to three of its four units. This strategic renovation enhances the property's appeal to tenants and contributes to its income-generating capacity. The presence of 12 bedrooms and 4 full bathrooms across the four units provides ample living space, catering to a variety of tenant needs. The total number of rooms in the property is 20.

The location of 183 Bergen Tpke offers considerable advantages for both residents and commuters. It is conveniently situated near major highways, facilitating easy access to transportation networks. Proximity to shopping centers and dining establishments further enhances the desirability of the area for tenants, contributing to consistent occupancy and rental income.

Utilities available at the property include natural gas, electricity, and natural gas connection. The annual property taxes amount to $30,193. This property is situated in Bergen County and is classified as a Multi-Family (2-4 Unit) style property. The listing agent, Adam Sperber, can be contacted at 201-410-8680 for further details or to arrange a private viewing.