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Sergio Limonta
Sergio Limonta
RE/MAX Executive Group
973-296-6264
Contact Me

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$849,900 For Sale

262 Passaic St
Passaic City, NJ 07055

11 units |

4792 sq ft lot
Commercial: Mixed Use, See Remarks - MLS# 3394809
Property Photo
1/5

Description

Up for sale is this legal 11 Unit Rooming House. Income from the 11 units is $6,880, Barber shop 500sqft $1,025, Bar 2000sqft $2100. 3 garages ($375 monthly)Total Monthly Income $10,380. Extra Income Opportunity!!! State Approved 16x40 Billboard on the roof of building. $2K-3K potential extra monthly income. Engineer plans for billboard come with the sale. Break down below. Unit1 $600 Unit2 $600 Unit3 $650 Unit4 $700 Unit5 $500 Unit6 1bdrm $850 Unit7 1bdrm Supers Unit $400 Unit8 $650 Unit9 $580 Unit10 $750 Unit11 $650 Barber Shop $1025 Bar $2100 Garages $375 Total Income $124,560 (plus a potential extra 24k-36k from billboard) ExpensesTaxes $16k,Gas/Electric $7200, Ins. $4500, Water/Sewer $3200. Total Expenses $30,900.

Features

  • # of Parking Spaces: 3
  • Approximate Lot Size: 38X129
  • Basement: Unfinished Yes
  • Construction Date/Year Built Des: Approximate
  • County/Area: Passaic County
  • Directions: PASSAIC ST NEAR RT 21
  • Equipment Available: Security System, Smoke Detector, See Remarks, Fire Alarm
  • Expenses Include: Taxes, Electricity, Water/Sewer, Insurance, See Remarks
  • Exterior Description: Aluminum
  • For Sale Or Lease: For Sale
  • Fuel Type: Gas-Natural
  • Gross Operating Income: 124560
  • Heating: 1 Unit, See Remarks
  • Listing Status: Active
  • Location: Business District, Corner, Freestanding
  • Lot Description: Corner
  • Lot Identifier: 22
  • Lot SqFt: 4791.6
  • Net Operating Income: 93660
  • Num 1 Bdrm Units: 2
  • Num Apts: 11
  • Num Units w/Full Bath: 2
  • Number of Lavatories: 6
  • Number of Stories: 3
  • Parking Spaces: 3
  • Permitted Use: Rooming House
  • Primary Property Type: MixedUse
  • Property Type: Commercial
  • Sale Includes: Building & Land, See Remarks
  • Sewer: Public Sewer
  • Sub Type: Mixed Use, See Remarks
  • Tax Amount: $16,000
  • Total Operating Expense: 30900
  • Units: 11
  • Utilities: Electric, Gas In Street
  • Utilities Paid By: Landlord
  • Water: Public Water
  • Year Built: 1940
  • Zip Code: 07055
  • Zoning: MIX-USE
  • Zoning Compliance: Yes



Sergio Limonta | 973-296-6264 | Contact Me
352 Lafayette Ave Hawthorne, NJ 07506

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