Skip To Content

575 55Th St

West New York Town, NJ 07093
  • $1,199,000
  • STATUS: Active Under Contract
  • ON SITE: 119 Days
  • MLS #: 3902913
Under Contract
UPDATED: 34 min ago
$1,199,000
  • 6
    BEDS
  • 0.06
    ACRES
  • 4
    BATHS
  • 1
    1/2 BATHS
Type:
Multi-Family
Built:
1938
County:

School Ratings & Info

Description

This impressive property presents a golden opportunity for investors or multi-generational seeking an income-generating asset in a prime location. Boasting separate units, each with its own distinct layout and charm, this property offers versatility and potential for various living arrangements or rental income streams.Excellent Rental Potential with the high demand for housing in the area, this property presents an exceptional opportunity for generating steady rental income, making it an attractive investment prospect. Meticulously maintained and cared for, this property reflects pride of ownership and assures prospective buyers of its excellent condition. Each unit features ample living space, including multiple bedrooms, bathrooms, and living areas, providing tenants with comfortable and accommodating living quarters. Whether you're looking to rent out all units or occupy one while leasing the others, this property offers a lucrative opportunity to capitalize on the rental market demand in the area. Positioned in a desirable neighborhood with ongoing development and growth, this property holds promising potential for long-term value appreciation. Property was fully renovated in 2019, new roof, new Hvac etc. Detached 3 car garage adding to this already income producing property3 bed $2900 2 bed $2230 1 bed $1700 Office $550. Annual expenses $19,300 Potential cap rate of 6%

Monthly Payment Calculator



Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Caitlyn Mulligan with RE/MAX Revolution. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Caitlyn Mulligan with RE/MAX Revolution are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-09-17T17:46:35.423.
www.mulligansellsmore.com/homes/150710942
Print Image

575 55Th St West New York Town, NJ 07093

  • Price: $1,199,000
  • Status: Active Under Contract
  • On Site: 119 Days
  • Updated: 34 min ago
  • MLS #: 3902913
6
Beds
4
Baths
1
½ Baths
0.06
Acres
1938
Built
County:
Hudson
Area:
West New York Town
Property Description
This impressive property presents a golden opportunity for investors or multi-generational seeking an income-generating asset in a prime location. Boasting separate units, each with its own distinct layout and charm, this property offers versatility and potential for various living arrangements or rental income streams.Excellent Rental Potential with the high demand for housing in the area, this property presents an exceptional opportunity for generating steady rental income, making it an attractive investment prospect. Meticulously maintained and cared for, this property reflects pride of ownership and assures prospective buyers of its excellent condition. Each unit features ample living space, including multiple bedrooms, bathrooms, and living areas, providing tenants with comfortable and accommodating living quarters. Whether you're looking to rent out all units or occupy one while leasing the others, this property offers a lucrative opportunity to capitalize on the rental market demand in the area. Positioned in a desirable neighborhood with ongoing development and growth, this property holds promising potential for long-term value appreciation. Property was fully renovated in 2019, new roof, new Hvac etc. Detached 3 car garage adding to this already income producing property3 bed $2900 2 bed $2230 1 bed $1700 Office $550. Annual expenses $19,300 Potential cap rate of 6%
Exterior Features

Approximate Lot Size 25X100 Exterior Description Stucco Garage Description Detached GarageOversize GarageSee Remarks Number Of Parking Spaces 0 Parking Driveway Description On-Street Parking Roof Description Flat

Interior Features

Basement Yes Basement Description Unfinished Cooling Central Air Heating Forced Hot Air Interior Features Fire ExtinguisherSecurity SystemSmoke Detector Total Number Of Rooms 12 Unit1 Appliances Equipment Carbon Monoxide DetectorDishwasherDryerRange/Oven - GasRefrigeratorSmoke DetectorWasher Unit1 Baths 2.0 Unit1 Bedrooms 3 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsKitchenLiving RoomMaster Bedroom Unit1 Rooms 5 Unit1 Security Deposit 0 Unit1 Sq Ft 1650 Unit2 Appliances Equipment Carbon Monoxide DetectorDishwasherRange/Oven - GasRefrigeratorSmoke Detector Unit2 Baths 1.0 Unit2 Bedrooms 2 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description BedroomsKitchenLiving Room Unit2 Rooms 4 Unit2 Sq Ft 830 Unit3 Baths 1.0 Unit3 Bedrooms 1 Unit3 Fireplaces 0 Unit3 Levels 2 Unit3 Room Description BedroomsKitchenLiving Room Unit3 Rooms 3 Unit3 Sq Ft 620 Unit4 Appliances Equipment Carbon Monoxide DetectorSmoke Detector Unit4 Baths 1.0 Unit4 Bedrooms 0 Unit4 Fireplaces 0 Unit4 Levels 1 Unit4 Room Description See Remarks Unit4 Rooms 1 Unit4 Sq Ft 450

Property Features

Assessment Total 175000 Building Assessment 120000 Easement No Expenses Include InsuranceMaintenanceTaxes Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 88560 Land Assessment 55000 Net Operating Income 69140 Sewer Public Sewer Tax Amount 13886 Tax Rate Amount 7.935 Tax Rate Year 2023 Tax Year 2023 Total Operating Expense 19420 Unit Style 2-Two StoryFourplex Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 2900 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 2230 Unit2 Security Deposit 0 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit3 Rent 1700 Unit3 Security Deposit 0 Unit4 Handicap Modified No Unit4 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit4 Rent 550 Unit4 Security Deposit 0 Water Public Water

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 609-455-8565.


Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Caitlyn Mulligan with RE/MAX Revolution. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Caitlyn Mulligan with RE/MAX Revolution are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-09-17T17:46:35.423.
 
https://bt-photos.global.ssl.fastly.net/gsmls/orig_boomver_1_3902913-2.jpg https://bt-photos.global.ssl.fastly.net/gsmls/orig_boomver_1_3902913-2.jpg https://bt-photos.global.ssl.fastly.net/gsmls/orig_boomver_1_3902913-2.jpg
Logo
Caitlyn Mulligan with RE/MAX Revolution
2101 route 34, Suite B
Wall NJ, 07719