House Description

Rare opportunity to own a 2-family investment property in the highly desirable Little Falls Twp. Conveniently located near downtown shops, restaurants, parks, public library, municipal offices, schools, NJ Transit train service, local bus transportation, and major highways, this property offers exceptional convenience and strong long-term rental appeal. This charming 3-story multifamily home features two spacious apartments, each offering an EIK, DR, LR, full bathroom, in-unit laundry, and U-2 1 BR with loft U-1 2 BR. The property retains its classic character while providing the modern conveniences today's tenants desire. The floor plans feature generous living and dining spaces, dedicated kitchens, and additional basement storage for first floor tenant. The building is equipped with separate gas and electric meters, separate boilers, and separate water heaters, providing ease of management and utility allocation. Both units enjoy front and rear access, and the property offers more than four off-street parking spaces located at the rear of the property. Currently tenant-occupied with leases in place, the first-floor unit has recently signed a one-year lease, while the second-floor unit is occupied on a month-to-month basis. This presents an excellent opportunity for investors seeking immediate cash flow with future flexibility. Opportunities like this in Little Falls are increasingly difficult to find so schedule your private showing today!

Highlights

Listed by MICHAEL HAUCK , MP REALTY EXECUTIVES EXCEPTIONAL , 973-696-8800. Garden State MLS

Property Type

Multi-Family

Lot/Acreage

0.13

Year Built

1910

County

Passaic

Listing ID

4036523

Questions about this listing?

Contact Agent

Payment Calculator

Payment Breakdown

Principal Interest

$3,506

Taxes

$951

Home Price

$689,000

Home Price

Loan Details

30 yrs

6.562%

Interest Rate

Loan Type

Down Payment

20%

$137,800

Down Payment

Down Payment %

All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Monthly Price:

$3,506.46

Principal

Taxes