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262 Passaic St

Passaic City, NJ 07055
  • $999,999
  • STATUS: Active Under Contract
  • ON SITE: 201 Days
  • MLS #: 3868355
Under Contract
UPDATED: 19 min ago
$999,999
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
County:
Area:

School Ratings & Info

Description

Investment Opportunity in Passaic, NJ! City Approved Plans to Convert Existing Rooming House to a beautiful 10 Residential apartment building along with 2 Commercial Units. The residential Breakdown: Six 2-Bedrooms, Two 3-Bedrooms, Two 1-Bedrooms. Potential Monthly Rent Roll: $23,000 - $25,000. Conservatively Estimated Rent: 2-Bedrooms: $1,800 - $2,000 (x6 units), - 3-Bedrooms: $2,000 - $2,200 (x2 units), - 1-Bedrooms: $1,400 - $1,600 (x2 units), - Larger Commercial Unit: $3,500 - $4,000, - Smaller Commercial Unit: $1,500 - $1,800. This is a golden opportunity for savvy investors! A corner property with city-approved plans, will be delivered v a c a n t for your convenience, and huge rental income potential. Don't miss out on this chance to maximize your real estate investment.

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Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Sue Adler Team - Keller Williams. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than The Sue Adler Team - Keller Williams are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-04-24T21:47:39.35.
www.latestnjlistings.com/homes/144143169
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262 Passaic St Passaic City, NJ 07055

  • Price: $999,999
  • Status: Active Under Contract
  • On Site: 201 Days
  • Updated: 19 min ago
  • MLS #: 3868355
0
Beds
0
Baths
0
½ Baths
0.11
Acres
County:
Passaic
Area:
Passaic City
Property Description
Investment Opportunity in Passaic, NJ! City Approved Plans to Convert Existing Rooming House to a beautiful 10 Residential apartment building along with 2 Commercial Units. The residential Breakdown: Six 2-Bedrooms, Two 3-Bedrooms, Two 1-Bedrooms. Potential Monthly Rent Roll: $23,000 - $25,000. Conservatively Estimated Rent: 2-Bedrooms: $1,800 - $2,000 (x6 units), - 3-Bedrooms: $2,000 - $2,200 (x2 units), - 1-Bedrooms: $1,400 - $1,600 (x2 units), - Larger Commercial Unit: $3,500 - $4,000, - Smaller Commercial Unit: $1,500 - $1,800. This is a golden opportunity for savvy investors! A corner property with city-approved plans, will be delivered v a c a n t for your convenience, and huge rental income potential. Don't miss out on this chance to maximize your real estate investment.
Exterior Features

Approximate Lot Size 38X129 Available Parking Spaces 0 Construction See Remarks Exterior Description See Remarks Location Corner Number Of Bays 0 Number Of Docks 0 Parking Driveway Description Off-Street ParkingSee Remarks Roof Description See Remarks

Interior Features

Basement Yes Basement Description FullUnfinished Cooling See Remarks Equipment Available See Remarks Heating See Remarks Max Ceiling Height 0 Max Door Height 0 Number Of Doors 0 Number Of Lavatories 0 Office Sq Ft 0

Property Features

DEPStatus Unknown For Sale Or Lease For Sale Fuel Type See Remarks Number Of Volts 0 Primary Property Type MixedUse Property Type Mixed UseSee Remarks Sale Includes Building & LandSee Remarks Sewer Public Sewer Suite Number 0 Tax Amount 18566 Tax Rate Amount 3.884 Tax Rate Year 2022 Tax Year 2022 Utilities ElectricGas In StreetGas-Natural Water Public Water Year Built Description Unknown Zoning See Plans

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of United Real Estate: 888-501-6953.


Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Sue Adler Team - Keller Williams. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than The Sue Adler Team - Keller Williams are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-04-24T21:47:39.35.
 
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The Sue Adler Team - Keller Williams
518 Millburn Avenue, 2nd Floor
Short Hills NJ, 07078