2-4 Family Home For Sale in North Bergen, NJ
MLS# : 25027761
PROPERTY DETAILS
PROPERTY DESCRIPTION
Team Braconi Presents a unique investment opportunity awaits at 1711–1713 47th St, located steps away from the Tonnelle Ave Light Rail Station and with direct access to major roadways making commuting a breeze. This fully renovated 2-family home sits on a rare double lot, offering a combination of immediate rental income, valuable land use, and untapped development potential and low property tax. The property features a fully updated 2-Family residence with modern finishes and new appliancesâ€â€perfect for owner-occupants or investors looking for reliable cash flow from day one. Each unit has been thoughtfully upgraded, allowing you to avoid renovation headaches and start generating income immediately. But this property is more than just a two-family homeâ€â€it’s a multi-dimensional asset. The oversized lot offers the potential to build a new 4-family residence (buyer to perform due diligence), providing long-term value for developers or investors thinking ahead. What truly elevates this property is the abundance of parking. With space to accommodate 10+ vehicles on a newly paved lot, this feature opens the door for additional options, which is especially valuable in a high-density neighborhood where parking is at a premium.
Amenities
This listing is a courtesy of Christie's International Real Estate Group-Franklin Lakes
201-904-2085 office, listing agent Stephen Braconi
About North Bergen, NJ Real Estate Market
When the establishment of North Bergen as a township began, it was roughly shaped as a rectangular area. The neighbouring boroughs of North Bergen are Cliffside Park, Edgewater, Ridgefield, Fairview, Manhattan, Carlstadt, Secaucus and Jersey City. The township of North Bergen is partially present on the Hudson River, with its northern part sitting above a plateau.
The modern township of North Bergen has a very unusual shape covered substantially by many New Jersey houses. Its list of prominent places of interest includes the Racetrack section, Bergenline Avenue, Bergenwood, Meadowview, New Durham, Bulls Ferry, Babbitt, Transfer Station and Woodcliff. There are a few historical places in the township of North Bergen, some of which include Granton, Homestead, New Durham, Hudson Heights, Three Pigeons, Shadyside and Tyler Park.
| Population: | 57,141 |
| Total Housing Units: | 20,083 |
| Single Family Homes: | 9,987 |
| Apartments: | 10,096 |
| General Tax Rate (2023): | 1.628% |
| Effective Tax Rate (2023): | 1.568% |
| Compare To Other Towns |
North Bergen Market Indicators
PRICE INDEX
| Average Price* (12mo): | $618,031 |
| Homes Sold* (12mo): | 63 |
SINGLE FAMILY HOME SALES
North Bergen, NJ
PRICE INDEX
| Average Price* (12mo): | $442,346 |
| Apatments Sold* (12mo): | 135 |
APARTMENT SALES
North Bergen, NJ
REAL ESTATE TAXES
| General Tax Rate (2023): | 1.628% |
| Effective Tax Rate (2023): | 1.568% |
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $439,000 - 1,999,000 | 34 |
| Condos : | $174,900 - 1,999,888 | 55 |
| Co-ops : | $2,600 - 329,000 | 2 |
| Twnhs : | $549,000 - 1,350,000 | 2 |
| 2-4 Fam : | $549,000 - 1,599,000 | 23 |
| 5+ Fam : | $1,745,000 - 1,745,000 | 1 |
| Land : | $260,000 - 4,250,000 | 5 |
| Rentals : | $1,800 - 13,500 | 42 |
| Mixd Use : | $795,000 - 1,745,000 | 3 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $80,000 - 1,400,000 | 5 |
