120-122 Lodi Street

Hackensack, NJ 07601

$1,310,000
Last Sold Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to this Unique Investment Opportunity! This is a legal 8 unit, residential apartment within 3 separate buildings. 4-1 bedroom units, 3-2 bedroom units and a 1-3 bedroom unit. This phenomenal property has been well kept with updates in the last 10 years. This great complex boasts 13 bedrooms, 8 bathrooms and most units with separate utilities. All units currently occupied. The Parking lot consists of 8 parking spaces and a possible tandem 2 car in the alley/driveway adjacent to building 120....Welcome to this Unique Investment Opportunity! This is a legal 8 unit, residential apartment within 3 separate buildings. 4-1 bedroom units, 3-2 bedroom units and a 1-3 bedroom unit. This phenomenal property has been well kept with updates in the last 10 years. This great complex boasts 13 bedrooms, 8 bathrooms and most units with separate utilities. All units currently occupied. The Parking lot consists of 8 parking spaces and a possible tandem 2 car in the alley/driveway adjacent to building 120. Located in a 60x100 lot, yields a 5.5 cap rate with a net annual income of $96,848.
  1. Listed by Luis Daniel Montes De Oca • Exit Golden Realty Group, LLC • (201) 997-4425

Property Details for 120-122 Lodi Street

Style
5+Family
Sub style
5-25

Location

Add your commute
LISTING UPDATED: 03/04/2023 09:26 AM

Property Details for 120-122 Lodi Street

StatusSold
MLS #22027279
Days on Market55
Taxes$19,241 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeMixed Use / 5+Family
Year Built-
Lot Size-
CountyBergen County

Location

Add your commute

Virtual Tour

Building Information for 120-122 Lodi Street

Stories3Residences8Year Built-Lot Size-

Payment Calculator

$8,753 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,149

Property Taxes

$1,603

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 120-122 Lodi Street

Summary
Location and General Information
  • Area: 0223
  • Area name: Hackensack
  • Directions: GREEN STREET TO LODI STREET
  • Asv total: 701700
  • Street Name: Lodi
  • County Name: BERGEN
  • Status: SOLD
  • Zip Code: 07601
Taxes and HOA Information
  • Easements: UNKN
  • Tax: $19,241
Parking
  • Parking Spaces: 8
Property
Lot Information
  • Lot: 00005
  • Year Built: 1900-1939
  • Propertype ro: Munincipal Water, Sewer
  • Land frontage: 60.0
  • Land sqft: 6000.0
  • Land Depth: 100.0
  • Block: 00072
Property and Assessments
  • Land assessment: $138,800
  • Building Assessment: $562,900
  • Photo: Y
  • Photo Number: 50
Interior and Exterior Features
Interior Features
  • Number of Units: 8
  • Number Of Stories: 3
  • Full Baths Total: 0
  • Num of Baths: 0.0
Exterior Features
  • Roof: Flat
  • Number of Elevator: 0
Multi Family
Multi-Family Information
  • No of Common units: 0
  • No1 Bedroom units: 6
  • No2 Bedroom units: 1
  • No3 Bedroom units: 1
Income & Expenses Information
  • Gross Income: $131,040.00
  • Net Income: $96,748.00
Agent
Sale and Listing Information
  • Search Class: MIX
  • List Price: $1,400,000.00
  • Listing Date: 07-21-2022
  • Pending Date: 09-14-2022
  • Close Date: 03-03-2023
  • Status Date: 03-03-2023
  • Sale Price: $1,310,000
Showing Information
  • Internet Remarks: Welcome to this Unique Investment Opportunity! This is a legal 8 unit, residential apartment within 3 separate buildings. 4-1 bedroom units, 3-2 bedroom units and a 1-3 bedroom unit. This phenomenal property has been well kept with updates in the last 10 years. This great complex boasts 13 bedrooms, 8 bathrooms and most units with separate utilities. All units currently occupied. The Parking lot consists of 8 parking spaces and a possible tandem 2 car in the alley/driveway adjacent to building 120. Located in a 60x100 lot, yields a 5.5 cap rate with a net annual income of $96,848.
Rental
Rental Information
  • Owner pays: None

Property History for 120-122 Lodi Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 120-122 Lodi Street

Taxable ValueLand$146,000Additions$564,800Total$710,800
Tax Record2022$19,662 ($1,638 / month)
Home Facts
Beds0Total Finished SqFt1,824 SqFtAbove Grade Finished SqFt1,824 SqFtStories2Lot Size5,998 SqFtStyleSingle Family ResidenceYear Built1916CountyBERGENAPN23 00072-0000-00005

Schools near 120-122 Lodi Street

This home is within Hackensack City School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Public - PK to 4
Rating
School
Distance
Fanny M. Hillers Elementary School
PublicPK to 4

Middle School
Public5 to 8

Hackensack High School
Public9 to 12

Jackson Avenue Elementary School
PublicPK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Exit Golden Realty Group, LLC, Luis Daniel Montes De Oca

The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated 04/24/2024 07:48 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.