2-4 Family Home For Sale in Ridgefield Park, NJ
MLS# : 26003324
PROPERTY DETAILS
PROPERTY DESCRIPTION
Excellent investment opportunity in Ridgefield Park! This well-maintained two-family property offers immediate income potential with two rental units. The 1st floor unit offers a large living room, kitchen, 2 bedrooms, 1 full bathroom, access to the unfinished basement with washer/dryer hook-ups and back entry to a nice backyard. The 2nd floor unit has a spacious living area, kitchen, full bath and separate bedroom on the 3rd floor. The property offers low operating costs with the owner paying for heat, hot and cold water. Cooking gas and electric is separately metered and paid by tenants. Additional highlights include a newer boiler and furnace (less than 4 years old) and lots of parking including a detached 2 car garage plus a long driveway that can accommodate 4 vehicles. Regular 50 x 100 lot. First floor tenant is month-to-month; 2nd floor vacant, offering flexibility for owner-occupants or investors seeking vacancy at closing. Convenient location for commuters close to all major highways and 1 block away to the closest bus stop (157 & 168) into Manhattan for a quick & easy commute! Home is being sold as-is.
Amenities
This listing is a courtesy of Sokolich Real Estate-Old Tappan
201-664-4444 office, listing agent Jenna Sokolich
About Ridgefield Park, NJ Real Estate Market
Ridgefield Park is one of the only four places in New Jersey operating a Walsh Act village type of government among the 565 municipalities statewide. The formation of the village started in 1892 within the Ridgefield Township, based on the results of a referendum that came out in the same year. The village of Ridgefield gained portions from Ridgefield Township only for the establishment of Ridgefield Park as a new village. In 1897, Overpeck Township was created to co-exist with Ridgefield Park, which became Ridgefield Park Township in 1938. The naming of the Ridgefield is derived from the name of the area’s terrain.
Given that it is a village, the New Jersey real estate options are limited here, with the Ridgefield village mostly having small-sized homes for sale preferred in New Jersey by nuclear families. On every Fourth of July, Ridgefield Park hosts a community parade, the oldest event taking place every year in New Jersey.
| Population: | 12,729 |
| Total Housing Units: | 5,164 |
| Single Family Homes: | 2,866 |
| General Tax Rate (2023): | 2.945% |
| Effective Tax Rate (2023): | 2.556% |
| Compare To Other Towns |
Ridgefield Park Market Indicators
PRICE INDEX
| Average Price* (12mo): | $609,956 |
| Homes Sold* (12mo): | 53 |
SINGLE FAMILY HOME SALES
Ridgefield Park, NJ
REAL ESTATE TAXES
| General Tax Rate (2023): | 2.945% |
| Effective Tax Rate (2023): | 2.556% |
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
