Property
Beds
8
Full Baths
4
1/2 Baths
None
Year Built
1900
Sq.Footage
N/A
RARE INVESTMENT & REDEVELOPMENT OPPORTUNITY! An exceptional property offering the unique combination of substantial in-place rental income and exciting future redevelopment potential.Situated on one property are FOUR existing houses currently generating a combined $10,725 PER MONTH in rental income ? approximately $128,700 in gross annual income. This provides an investor with meaningful cash flow from day one while evaluating the property's longer-term possibilities.The real opportunity lies in the flexibility of the asset. Continue operating the four existing residences as an income-producing investment, explore opportunities to enhance the property's current use, or investigate its future redevelopment potential. The property's configuration and overall potential create a compelling opportunity for investors, developers, builders, and end users looking for a value-add acquisition.Property is being marketed based upon its existing use and potential. Any proposed development, redevelopment, subdivision, change of use, or other improvements are subject to applicable zoning regulations, governmental approvals, and the buyer's independent due diligence. Seller and listing broker make no representations regarding the feasibility or approval of any proposed use.A unique opportunity to acquire FOUR income-producing houses on one property while exploring the possibilities for its next chapter.
Features & Amenities
Interior
-
Other Interior Features
Eat-in Kitchen
-
Total Bedrooms
8
-
Bathrooms
4
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Window Unit(s)
-
Heating YN
YES
-
Heating
Baseboard
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
2
-
Construction Materials
Vinyl Siding
-
Parking
Detached
-
Pool
No
Area & Lot
-
Lot Features
Corner Lot, Level
-
Lot Size(acres)
0.75
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
-
Architectural Style
A-Frame
Price
-
Sales Price
$2,500,000
-
Tax Amount
$16,170
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
Property Resources
-
Horse Property
NO
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Ownership
Fee Simple
-
Sewer
Public Sewer
-
Tax Lot
*
-
Water Source
Public
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Location
County
Passaic
Elementary School
Middle School
High School
Listing Courtesy of MATTHEW O HARE, COLDWELL BANKER REALTY
RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
FOUNDER
Patrick Bolger
Call Patrick today to schedule a private showing.
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