2-4 Family Home For Sale in Bogota, NJ
MLS# : 24033234
PROPERTY DETAILS
PROPERTY DESCRIPTION
Great opportunity to invest and/or owner-occupy and collect strong rental income. +/- 5.5% cap rate for the savvy cash buyer in this shifting market. Property can still be cash flow positive even with climbing interest rates-- Non-QM loans and creative financing available. This well-maintained, high income-producing 2 family is in a very desirable neighborhood and conveniently located to everything in Bogota and neighboring towns. Affordable property taxes, maintenance, and low carrying costs-- with projected 2025 gross income over $57,000 per year. Income and expenses can be available upon request. Second floor unit is currently Month-to-Month and may be vacated for a potential for owner-operator to use.
Amenities
Close/Parks, Close/School, Close/Shopg, Close/Trans, Close/Wrshp, One Floor Living
This listing is a courtesy of Keller Williams Town Life
(201) 894-8004 office, listing agent Sung Min Yoo
MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
About Bogota, NJ Real Estate Market
The credit behind the name of Bogota goes to the Bogert family, which was the first European family to come and settle in the region, thus forming a base of Bergen County real estate in this town. This small town is located on the eastern bank of Hackensack River and is spread in 0.8 square miles. It is surrounded by three other boroughs from all four sides – Teaneck on the Northern and Eastern sides, Hackensack on the Western side and Ridgefield Park on the Southern side.
The entire town of Bogota is divided into two parts – Eastern Bogota and Western Bogota - by the CSX River Line running in the middle of the borough. While Eastern Bogota is commercialized with industries and busy roads, Western Bogota comprises suburban colonies and quaint lanes like West Main Street, River Road and West Fort Lee Road.
While the New Jersey Transit bus service connects Bogota to four other towns via road network, the passenger rail service in the borough ended back in 1966.
| Population: | 8,187 |
| Total Housing Units: | 2,888 |
| Single Family Homes: | 2,023 |
| General Tax Rate (2023): | 4.294% |
| Effective Tax Rate (2023): | 2.567% |
| Compare To Other Towns |
Bogota Market Indicators
PRICE INDEX
| Average Price* (12mo): | $566,439 |
| Homes Sold* (12mo): | 56 |
SINGLE FAMILY HOME SALES
Bogota, NJ
REAL ESTATE TAXES
| General Tax Rate (2023): | 4.294% |
| Effective Tax Rate (2023): | 2.567% |
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Madison Adams are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
NJMLS is the owner of the copyrights of the listing content displayed for IDX. The NJMLS Internet Data Exchange Logo is a service mark owned by the NJMLS, Inc.
All information deemed reliable but not guaranteed. Last date updated: 11/22/2024 00:05 AM
Source: New Jersey Multiple Listing Service, Inc.
“©2024 New Jersey Multiple Listing Service, Inc. All rights reserved.”
General Tax Rate is used to determine the amount of real estate tax levied upon a particular property. This rate is used to compute the tax bill.
Effective Tax Rate is used to compare of one district to another district based on the assumption that all districts are at 100% valuation. This rate has been computed by the State of New Jersey Department of the Treasury using County Equalization Average Ratios. This rate is NOT to be used to compute the tax bill.
Data Source: US Census 2010, NJ MLS, State of New Jersey Department of the Treasury
