42 Rea Avenue

Midland Park, NJ 07432

$725,000
Price
4
Beds
2
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to 42 Rea Avenue! This versatile 2-family home offers the perfect opportunity to live comfortably in one unit while generating rental income from the other. Or for investors, this income-generating property boasts two spacious units with the potential for strong rental returns. The first floor unit offers two bedrooms, a bright and airy living room, dining room, and a delightful sunroom. The second floor features two bedrooms, bathroom, living room, and eat-in kitchen. Both units come complete...Welcome to 42 Rea Avenue! This versatile 2-family home offers the perfect opportunity to live comfortably in one unit while generating rental income from the other. Or for investors, this income-generating property boasts two spacious units with the potential for strong rental returns. The first floor unit offers two bedrooms, a bright and airy living room, dining room, and a delightful sunroom. The second floor features two bedrooms, bathroom, living room, and eat-in kitchen. Both units come complete with their own laundry facilities, ensuring convenience for all residents. There is a full unfinished basement as well as additional storage in the back of the property ensuring storage space for everything. The large backyard invites you to enjoy the outdoors and gives plenty of space for outdoor activities or relaxation. This well-maintained property presents a fantastic opportunity for comfortable living and potential rental income.

Listing Agent

  1. Rod M. Lopez

    Rod M. Lopez

    Listing Agent

    Compass

    rod.lopez@compass.com

    P: 201.739.0613

Property Details for 42 Rea Avenue

Style
2 Family
Sub style
Top/Btm
Waterfront
None
Garage
Park Space

Location

Add your commute
LISTING UPDATED: 05/24/2024 06:09 PM

Property Details for 42 Rea Avenue

StatusUnder Contract
MLS #24015007
Days on Market7
Taxes$12,409 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 2 Family
Year Built-
Lot Size0.17 AC / 7,501 SF
CountyBergen County

Location

Add your commute

Building Information for 42 Rea Avenue

Stories-Residences-Year Built-Building Size-Lot Size0.17 AC / 7,501 SF

Payment Calculator

$4,991 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,957

Property Taxes

$1,034

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 42 Rea Avenue

Summary
Location and General Information
  • Area: 0235
  • Area name: Midland Park
  • Flood plain: None
  • Street Name: Rea
  • County Name: BERGEN
  • Status: UNDER CONTRACT
  • Street Number Numeric: 42
  • Zip Code: 07432
Taxes and HOA Information
  • Tax: $12,409
Owner
  • Ownership: Private
Property
Lot Information
  • Lot size: 7501.0
  • Lot: 00004
  • Year Built: 1900-1939
  • Views exposure: West
  • Lot Description: Regular
  • Miscellaneous: Hdwd As In, WW/Carpet As In
  • Block: 00005
Property and Assessments
  • Photo: Y
  • Photo Number: 34
Utilities
  • Sewer: Municipal
  • Utilities: Sep Elec, Sep Gas, Sep Heat
  • Heatcool: Gas, Hot Air
  • Cooling Type: Gas, Hot Air
Interior and Exterior Features
Interior Features
  • Bedrooms: 4
  • Baths full: 2
  • Baths partial: 0
  • Floor 1St: Porch, Living Room, Dining Room, Kitchen, 2 Bedrooms
  • Floor 2Nd: Eat in Kitchen, Living Room, 2 Bedrooms
  • Basement: Full, Unfinished
  • Basement Description: Full, unfinished
  • Number of rooms: 10
  • Laundry: Basement, In Unit
  • Lifestyle: Close/Parks, Close/School, Close/Shopg, Close/Trans, Close/Wrshp, 1st Flr Primary Bdrm
  • Full Baths Total: 2
  • Num of Baths: 2.0
Exterior Features
  • Fireplace: None
Agent
Sale and Listing Information
  • Search Class: 2to4
  • List Price: $725,000.00
  • Listing Date: 05-15-2024
  • Pending Date: 05-24-2024
  • Status Date: 05-24-2024
Showing Information
  • Internet Remarks: Welcome to 42 Rea Avenue! This versatile 2-family home offers the perfect opportunity to live comfortably in one unit while generating rental income from the other. Or for investors, this income-generating property boasts two spacious units with the potential for strong rental returns. The first floor unit offers two bedrooms, a bright and airy living room, dining room, and a delightful sunroom. The second floor features two bedrooms, bathroom, living room, and eat-in kitchen. Both units come complete with their own laundry facilities, ensuring convenience for all residents. There is a full unfinished basement as well as additional storage in the back of the property ensuring storage space for everything. The large backyard invites you to enjoy the outdoors and gives plenty of space for outdoor activities or relaxation. This well-maintained property presents a fantastic opportunity for comfortable living and potential rental income.
Rental
Rental Information
  • Floor Lease 2Nd: 8/31/2024

Property History for 42 Rea Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 42 Rea Avenue

Taxable ValueLand$155,000Additions$226,600Total$381,600
Tax Record2022$12,410 ($1,034 / month)
Home Facts
Beds0Total Finished SqFt1,786 SqFtAbove Grade Finished SqFt1,786 SqFtStories2Lot Size7,501 SqFtStyleSingle Family ResidenceYear Built1921CountyBERGENAPN35 00005-0000-00004- 01

Schools near 42 Rea Avenue

This home is within Midland Park Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 6
Public - 7 to 12
Private - PK to 3
Rating
School
Distance
Godwin Elementary School
PublicPK to 2

Highland Avenue Elementary School
Public3 to 6

Midland Park High School
Public7 to 12

Eastern Christian Elementary School
PrivatePK to 3

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

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