This two-unit residential property is situated at 406 Saddle River Rd #2 in Saddle Brook, New Jersey. The dwelling is located on a substantial lot that provides direct access to the County Park. The property offers a total of 3 bedrooms and 2 full bathrooms across its two units. The first-floor unit comprises one bedroom, a living room, a dining room, a kitchen, and a full bathroom. This layout provides a functional living space within the larger structure.
The second-floor unit expands the living accommodations with two bedrooms, a living room, a dining room, and a kitchen, along with a full bathroom. Additionally, this unit includes a finished room located in the walk-up attic, offering flexible space. Pergo flooring is installed throughout both units, contributing to a consistent aesthetic. The roof on the property was repaired or replaced approximately three years ago, addressing a significant component of the building's structure.
Exterior features include vinyl siding and an asphalt shingle roof. The property is built on a lot approximately 0.3 acres in size. For parking, there are 6 spaces available, with a driveway that accommodates a 2-car width and is exclusive to the property. The building was originally constructed in 1900. Heating is provided by a Baseboard - Hotwater system fueled by natural gas, with two separate units for heating. Cooling is managed by wall A/C units.
This property presents a unique opportunity for an owner-occupant or an investor. The dual-unit configuration, combined with the expansive lot backing the County Park, offers both living and recreational potential. The property is equipped with public water and sewer services. The total number of rooms across both units is 10. The property is located in Bergen County.
Financial details indicate that the total operating expenses are $9,812, with taxes being a component of these expenses. The gross operating income is reported at $48,600, and the net operating income is $38,788. The property has an assessed building value of $251,900 and a land assessment of $230,800, resulting in a total assessed valuation of $482,700. Property taxes are approximately 1.42% of the assessed value.
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