$1,880,000
Active
New Listing
10 Beds6 Baths0 SQFT
Active

371 Gorge Rd Cliffside Park, NJ 07010

AAA location on prestigious Gorge Rd in Cliffside Park,  a dramatic, income-producing, 6-family .This is an investment opportunity not to be missed on the most desired street of River Road Convenient access to transportation options such as buses, ferries, and light rail, commuting to Manhattan is a breeze. Tenants will appreciate the short travel time to Midtown and Downtown NYC, allowing them to enjoy all the benefits of city living while residing in the tranquil setting of Cliffside Park.           *** INVESTOR'S DREAM!!! *** Meticulously cared for years, hardwood flooring inlays, roof just 10 years old , new energy efficient boiler * 6 Car Parking, and much more A rare gem has appeared in this market, same ownership for the last 40 years. The building is fully occupied and generates a net annual income of $140.940(5.8%) per year with potential rent of (6.7%). Beautiful boutique building for sale - investment opportunity not to be missed on the most desired street off River Road. The actual 5.8% and projected upside rent=6.7%

  • Property TypeMulti-Family
  • NeighborhoodN/A
  • CountyBergen
  • Taxes$19,401
  • HOA/Condo/Coop Fees$0
  • Days on Site0 Days
  • MLS StatusActive
  • MLS ID Number240019987
  • Home Size Source N/A
  • Year BuiltN/A
  • Lot Size0 Acres
  • Full Baths6
  • Partial BathsN/A

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