9102 Bergenwood AveNorth Bergen, NJ 07047

Exceptional investment opportunity awaits with this meticulously renovated five-unit apartment building situated in desirable North Bergen, New Jersey. Boasting 4,266 square feet across three stories, this Class B property offers a compelling 4.77% cap rate and a substantial net operating income (NOI) of $44,131. The building features five individual units, each benefiting from separate utility meters, including water. Ample parking is provided with space for five vehicles. Located at 9102 Bergenwood Ave, 07047, this property enjoys a prime location near public transportation, parks, shopping, and schools. The building's strong performance is further enhanced by the potential for significant income growth. A 29% upside in gross income is projected by bringing units to market rates, reflecting North Bergen's ongoing capital improvements and the potential to monetize the existing parking spaces. This property presents a rare chance to acquire a well-maintained, high-performing multifamily asset in a thriving New Jersey market. The property's APN is 08-00416.02-00017.00. The asking price is $925,000. This is a truly exceptional opportunity for discerning investors seeking strong returns and significant upside potential.