252 River Drive

Garfield, NJ 07026

$1,750,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Great Solid Investment Opportunity! A Six Unit Apartment Building in Bergen County! All units have been renovated within past 6 months including kitchens, bathrooms, electrical and plumbing! Roof was Replaced in 2015. All Units Have Individual Furnaces and Hot Water Heaters bought this year. All Units are Separately Metered for Gas and Electric. Rents are now at current market rates. Enjoy a 6.80 CAP with the potential to exceed 9 CAP in a short 12 months. Rent Roll and Expense Sheet can be Provided...Great Solid Investment Opportunity! A Six Unit Apartment Building in Bergen County! All units have been renovated within past 6 months including kitchens, bathrooms, electrical and plumbing! Roof was Replaced in 2015. All Units Have Individual Furnaces and Hot Water Heaters bought this year. All Units are Separately Metered for Gas and Electric. Rents are now at current market rates. Enjoy a 6.80 CAP with the potential to exceed 9 CAP in a short 12 months. Rent Roll and Expense Sheet can be Provided Upon Request. Enjoy a low maintence real estate investment like no other!
  1. Listed by Hidee M. Robbins • Realty One Group Hudson • (201) 656-5800

Property Details for 252 River Drive

Style
5+Family
Sub style
5-25

Location

Listing Courtesy of Realty One Group Hudson, Hidee M. Robbins
Add your commute
LISTING UPDATED: 04/26/2024 12:41 PM

Property Details for 252 River Drive

StatusActive
MLS #23038001
Days on Market129
Taxes$16,569 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeMixed Use / 5+Family
Year Built-
Lot Size-
CountyBergen County

Location

Listing Courtesy of Realty One Group Hudson, Hidee M. Robbins
Add your commute

Building Information for 252 River Drive

Stories3Residences6Year Built-Lot Size-

Payment Calculator

$10,931 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,550

Property Taxes

$1,381

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 252 River Drive

Summary
Location and General Information
  • Area: 0221
  • Area name: Garfield
  • Directions: GOOGLE
  • Street Name: River
  • County Name: BERGEN
  • Status: ACTIVE
  • Street Number Numeric: 252
  • Zip Code: 07026
Taxes and HOA Information
  • Tax: $16,569
Parking
  • Parking Spaces: 1
Property
Lot Information
  • Lot: 00001
  • Year Built: 1970's
  • Propertype ro: Gas, Munincipal Water, Sewer
  • Block: 00005
Property and Assessments
  • Photo: Y
  • Photo Number: 30
  • CourtAppYN: No
Interior and Exterior Features
Interior Features
  • Number of Units: 6
  • Number Of Stories: 3
  • Full Baths Total: 0
  • Num of Baths: 0.0
Exterior Features
  • Roof: Flat
Multi Family
Multi-Family Information
  • No of Common units: 0
  • No3 Bedroom units: 6
Income & Expenses Information
  • Gross Income: $153,600.00
  • Net Income: $126,431.00
  • Gross expenses: $27,169.00
Agent
Sale and Listing Information
  • Search Class: MIX
  • List Price: $1,750,000.00
  • Listing Date: 12-23-2023
  • Status Date: 04-26-2024
Showing Information
  • Internet Remarks: Great Solid Investment Opportunity! A Six Unit Apartment Building in Bergen County! All units have been renovated within past 6 months including kitchens, bathrooms, electrical and plumbing! Roof was Replaced in 2015. All Units Have Individual Furnaces and Hot Water Heaters bought this year. All Units are Separately Metered for Gas and Electric. Rents are now at current market rates. Enjoy a 6.80 CAP with the potential to exceed 9 CAP in a short 12 months. Rent Roll and Expense Sheet can be Provided Upon Request. Enjoy a low maintence real estate investment like no other!
Rental
Rental Information
  • Owner pays: None

Property History for 252 River Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 252 River Drive

Taxable ValueLand$210,000Additions$295,000Total$505,000
Tax Record2022$15,751 ($1,313 / month)
Home Facts
Stories3Lot Size3,454 SqFtStyleMulti-Family Res (5+ Units)CountyBERGENAPN21 00005-0000-00001

Schools near 252 River Drive

This home is within Garfield Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 12
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Lincoln School No 6
PublicPK to 5

Garfield Auxiliary Ms-High School
Public6 to 12

Garfield High School
Public9 to 12

Roosevelt School No 7
PublicPK to 5

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.

Similar Homes

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Similar Sold Homes

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252 River Drive is a mixed use property for sale in Garfield, NJ 07026. This property was listed for sale on December 23, 2023 by Realty One Group Hudson, it's currently listed at $1,750,000. It has been on the market for a total of 129 days and was last sold on March 20, 2023. This listing's school district is Garfield Public School District. Nearby schools include Lincoln School No 6, Garfield Auxiliary Ms-High School and Garfield High School. 252 River Drive is a 0-bed, 0-bath, mixed use property.

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 Realty One Group Hudson, Hidee M. Robbins

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 04/30/2024 05:40 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.