Home Buying in Secaucus>Question Details

zveni, Home Owner in Bergen County, NJ

Riverside Court Townhomes

Asked by zveni, Bergen County, NJ Thu Jan 17, 2013

I am looking for investment property and came across Riverside Court Townhomes. I have few questions:
1. How is rental market situation in Secaucus in general and Riverside Court in specific.
2. What rent I will be able to charge for 2br/2bh unit?
3. Why there are quite a few SHORT sales and how it can affect my investment?
Thank you very much for your time.

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Answers

3
Gregory Taylor’s answer
I personally live in the community and can attest that the rental market continues to be strong. The rental amount will depend on the layout and location within the community as well as upgrades. Short sales have been abundant everywhere and its a matter of the short sales being absorbed as the market continues to improve.
0 votes Thank Flag Link Fri Apr 26, 2013
The rental market in Secaucus is very god and excellent in Riverside Ct. Our proximity to NYC is a drawing card. We are an urban yet suburban town which attracts families with children . I see the other agent gave you statistics already. We are a children and senior friendly town.
0 votes Thank Flag Link Fri Jan 18, 2013
This is the rental market situation. looks real good.
Short sales are part of the market. It can only get better from here.
One-Line Report
MLS# PT St DOM Town Price Style Address BR FB HB
1239475 4 A 56 SECUS $2,600 CND/THS 147 BLUE HERON DR 2 2 1
1240961 4 A 40 SECUS $2,700 CND/THS 204 BLUE HERON DR 2 2 1
1231835 4 A 140 SECUS $2,800 CND/THS 129 BLUE HERON DR 2 2 1
1239810 4 A 52 SECUS $4,200 CND/THS 26 MALLARD PL 3 2 1
Total Active: 4 Average List:
Average DOM: $3,075
72
1230091 4 L 80 SECUS $2,500 CND/THS 136 BLUE HERON DR 2 2 1
1230020 4 L 62 SECUS $2,650 CND/THS 209 BLUE HERON DR 2 2 1
1235995 4 L 30 SECUS $2,700 CND/THS 204 BLUE HERON DR 2 2 1
1238186 4 L 13 SECUS $2,700 CND/THS 137 BLUE HERON DR 2 2 1
1226112 4 L 15 SECUS $2,850 CND/THS 196 BLUE HERON DR 2 2 1
1205726 4 L 76 SECUS $2,900 CND/THS 41 MALLARD PL 2 2 1
1227622 4 L 62 SECUS $3,000 CND/THS 34 MALLARD PL 2 2 1
1227890 4 L 30 SECUS $3,000 CND/THS 21 MALLARD PL 2 2 1
1200594 4 L 26 SECUS $3,000 CND/THS 36 MALLARD PL 2 2 1

1203823 4 L 2 SECUS $3,000 CND/THS 115 OSPREY CT 2 3 1
1233756 4 L 35 SECUS $3,500 CND/THS 52 MALLARD PL 3 2 1
Total Leased: 11 Average List:
Average DOM: $2,914
39
1204819 4 X 30 SECUS $2,950 CND/THS 118 OSPREY CT 118 2 2 1
Total Expired: 1 Average List:
Average DOM: $2,950
30
0 votes Thank Flag Link Fri Jan 18, 2013
Thank you for the information.
Flag Fri Jan 18, 2013
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