Description
High-yield, turnkey 2-family asset in prime Bergen County! Extensively renovated in 2025, this multi-family income generator delivers a strong 7.61% current capitalization rate with clear upside to an 8.48% pro-forma cap rate ($66,000 gross annual income potential). 1st floor unit features a spacious 3-bed layout with full finished heated basement (additional bedroom + bath), private laundry & new deck delivered vacant for Owner-occupancy or market tenant placement ($2,800-$3,000/mo). Upper unit offers 2 beds + den, currently leased at $2,200/mo through Feb 2027 (projected market rent $2,500-$2,700/mo). Key upgrades include marble countertops, Brand New basement bathroom, all new kitchens on all floors, all-inclusive appliances, new flooring, New electrical panels, New plumbing, new 2nd-fl windows & digital key entry on all entry doors on the property. Low overhead with minimal expenses ($7k annual taxes, $155-$160 quarterly water bill). Prime Garfield location under 15 minutes to Plauderville NJ Transit rail station (direct to NYC/Hoboken) and moments from Dahnert's Lake County Park. Immediate highway access to Rt 46, Rt 21, Rt 4, and the Garden State Parkway. perfect for value-add investors or house-hackers seeking positive Day-1 cash flow!
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5BEDS
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0.06ACRES
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3BATHS
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01/2 BATHS
School Information
Description
High-yield, turnkey 2-family asset in prime Bergen County! Extensively renovated in 2025, this multi-family income generator delivers a strong 7.61% current capitalization rate with clear upside to an 8.48% pro-forma cap rate ($66,000 gross annual income potential). 1st floor unit features a spacious 3-bed layout with full finished heated basement (additional bedroom + bath), private laundry & new deck delivered vacant for Owner-occupancy or market tenant placement ($2,800-$3,000/mo). Upper unit offers 2 beds + den, currently leased at $2,200/mo through Feb 2027 (projected market rent $2,500-$2,700/mo). Key upgrades include marble countertops, Brand New basement bathroom, all new kitchens on all floors, all-inclusive appliances, new flooring, New electrical panels, New plumbing, new 2nd-fl windows & digital key entry on all entry doors on the property. Low overhead with minimal expenses ($7k annual taxes, $155-$160 quarterly water bill). Prime Garfield location under 15 minutes to Plauderville NJ Transit rail station (direct to NYC/Hoboken) and moments from Dahnert's Lake County Park. Immediate highway access to Rt 46, Rt 21, Rt 4, and the Garden State Parkway. perfect for value-add investors or house-hackers seeking positive Day-1 cash flow!
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Data last updated 2026-10-14T23:49:33.06.