24 5th St, Ridgefield Park, NJ 07660

An exceptional investment opportunity is presented at 24 5th Street in Ridgefield Park, New Jersey. This well-maintained 4-family residential property, built in 1965, offers four distinct units, each configured as a 1-bedroom and 1-bathroom dwelling. A notable feature of this multi-family building is the provision of separate utilities for each unit, encompassing heat, hot water, gas, and electricity. This arrangement is designed to enhance rental efficiency and potentially reduce owner expenses.

The property includes a 2-car garage, complemented by two additional parking areas, which collectively provide six off-street parking spaces. This ample parking is a significant amenity in the Ridgefield Park area. Each of the four units is designed with functional layouts that are intended to appeal to prospective tenants, contributing to the property's potential for consistent occupancy and rental income. The total finished square footage for the property is 2,550 square feet, situated on a lot measuring 5,001 square feet.

This multi-family property is strategically located with convenient access to major highways, facilitating easy commutes and accessibility. Proximity to public transportation options, as well as a variety of shopping and dining establishments, further enhances its desirability. These locational advantages contribute to both the stability of the investment and its potential for future appreciation. The property is situated in Bergen County, a sought-after region within New Jersey.

This offering is suitable for individuals seeking to expand an existing investment portfolio or for those looking to initiate their real estate investment endeavors. The structure of the property, with its individual units and separate utilities, presents a practical model for property management and revenue generation. The property's classification as Residential Income and its Multi-Family subtype underscore its investment focus. Annual property taxes are recorded at $15,274.