Welcome to 38 Mahan Street, a delightful two-family residence that offers both comfort and investment opportunity. This property features a spacious main unit with 2 bedrooms and 1.5 baths, perfect for primary living or rental income. The additional 1-bedroom cottage apartment provides extra income potential or can serve as a private retreat for guests. Situated in a desirable location, this home boasts four dedicated parking spaces, ensuring convenience for residents and visitors alike. The surrounding area is vibrant, with easy access to local amenities, schools, shopping, parks, and public transportation. Being sold in conjunction with 74 Piermont Road to further enhance your investment portfolio. Don't miss out on this unique opportunity to own a multi-family home with versatile living options and the potential for additional income.
All renovations done in 2020 - 2022. Properly separated electric meters and heating systems between the units. Installed central AC in Unit B. Changed AC condenser for Unit A. Replaced insulations in Unit B. Renovated kitchen with SS appliances in both units. Added recessed lights in both units. Replaced most windows throughout. Changed flooring tiles, sinks and toilets in all bathrooms. Renovated den in Unit A. Changed flooring tiles in the basement. Refinished hardwood floors. Installed washer and dryer lines in Unit B. Installed sump pump and French draining in basement. Changed sheetrock walls and ceiling tiles in the basement. Deck replaced with composite flooring/rails and secured with foundation footing columns. Removed 2 large trees. Front concrete steps and railing repaired and replaced. Installed in-ground sprinkler system. Replaced gutters.
The median home value in Tenafly, NJ is $1,175,000. This is higher than the county median home value of $607,200. The national median home value is $338,100. The average price of homes sold in Tenafly, NJ is $1,175,000. Approximately 71.03% of Tenafly homes are owned, compared to 25.69% rented, while 3.28% are vacant. Tenafly real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Tenafly real estate agent to arrange a tour today!
Tenafly, New Jersey has a population of 15,307. Tenafly is more family-centric than the surrounding county with 53.3% of the households containing married families with children. The county average for households married with children is 35.18%.
The median household income in Tenafly, New Jersey is $179,833. The median household income for the surrounding county is $109,497 compared to the national median of $69,021. The median age of people living in Tenafly is 41.9 years.
The average high temperature in July is 85.2 degrees, with an average low temperature in January of 25.5 degrees. The average rainfall is approximately 47.1 inches per year, with 26.1 inches of snow per year.