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$ 899,000
Est. payment /mo
New
247 Hope Ave Passaic City, NJ 07055
8 Beds
4 Baths
9,583 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4050592
Style See Remarks, Under/Over
Bedrooms 8
Full Baths 4
Year Built 2025
Annual Tax Amount $15,503
Tax Year 2025
Lot Size 9,583 Sqft
Property Description
Discover the Possibilities and unlock the exceptional potential of this Large Two Family home on an Oversized Lot 75 x 125. The very large two-family home generates $7,000 in gross monthly rental income. Collect strong cash flow while you explore future opportunities to possible subdivide -(see attached licensed appraisal for lot 37.5 x 100) or redevelopment - making this an ideal prospect for investors, builders, and visionaries. The existing two-family is being sold strictly as-is and any future development, buyer is responsible to acquire the necessary approvals. With its generous lot size and desirable setting, the possibilities are wide-open for those ready to create something special. A unique chance to combine income today with potential for more profit tomorrow. Don't miss it.
Location
State NJ
County Passaic
Rooms
Basement Finished, Walkout
Interior
Heating Gas-Natural
Cooling 2 Units, Central Air
Heat Source Gas-Natural
Exterior
Exterior Feature See Remarks
Utilities Available Electric, Gas-Natural
Roof Type Asphalt Shingle
Building
Sewer Public Sewer
Water Public Water
Architectural Style See Remarks, Under/Over
Others
Senior Community No
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Listed by COLDWELL BANKER REALTY
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