DON'T MISS A NEW LISTING AGAIN!

Register Now
Already registered? 
Login

FREE AUTOMATED EMAIL UPDATES
Sign in to take advantage of all this site has to offer. Save your favorite listings and searches – also receive email updates when listings you like come on the market for free!
*Contact Information is NOT Shared*

Sergio Limonta
Sergio Limonta
United Real Estate of North Jersey
973-296-6264
Contact Me

Bedrooms
Baths
Min Price
Max Price
Back to Home Page
$899,000 For Sale

262 Passaic St
Passaic City, NJ 07055

11 units |

lot: 4792 sq ft
Commercial: Mixed Use, See Remarks - MLS# 3490377
Property Photo
1/4

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. 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

  • Approximate Lot Size: 38X129
  • Basement: Unfinished Yes
  • Construction: Wood
  • Construction Date/Year Built Des: Approximate
  • Cooling: No Cool
  • County/Area: Passaic County
  • Directions: Passaic Street near Route 21
  • Exterior Description: Aluminum
  • For Sale Or Lease: For Sale
  • Fuel Type: Gas-Natural
  • Heating: See Remarks, Baseboard - Hotwater
  • Listing Status: Active
  • Lot Identifier: 22
  • Lot Size: 0.1100
  • Number of Lavatories: 6
  • Number of Stories: 3
  • Primary Property Type: MixedUse
  • Property Type: Commercial
  • Roof Description: Asphalt Shingle
  • Sale Includes: Building Only
  • Sewer: Public Sewer
  • Sub Type: Mixed Use, See Remarks
  • Tax Amount: $18,411
  • Units: 11
  • Utilities: Gas-Natural
  • Water: Public Water
  • Year Built: 1940
  • Zip Code: 07055
  • Zoning: Mix - Use
  • Zoning Compliance: Yes



Sergio Limonta | 973-296-6264 | Contact Me
18-19 River Rd Suite B, Fair Lawn, NJ  07410

Copyright © 2017, All Rights Reserved

Real Estate Websites by iHOUSEweb iconiHOUSEweb | Admin Menu