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Passaic City,NJ 07055
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3997158
Year Built 1930
Annual Tax Amount $8,604
Tax Year 2024
Lot Size 2,613 Sqft
Property Sub-Type Mixed Use
Property Description
GREAT MIXED USE COMMERCIAL PROPERTY FOR SALE WITH OVER 8% CAP RATE IN REDEVELOPMENT ZONE. TAXES ARE VERY LOW AND PROPERTY LOCATED IN REDEVELOPMENT ZONE. BUSY 2200+ SQ FT RESTAURANT/HALL ON FIRST LEVEL AND 2 APARTMENTS ON SECOND LEVEL .EACH APARTMENT HAS 2 BEDROOMS, 1 BATHROOM, LIVING ROOM AND DINING ROOM BOTH RENOVATED LESS THAN 5 YEARS AGO WITH FORCED HOT AIR. BUILDING WAS ENTIRELY RENOVATED LESS THAN 5 YEARS AGO, ROOF, PLUMBING, ELECTRICAL, APARTMENTS, ALL DONE TO CODE. RESTAURANT HAS CENTRAL AIR AND FORCED AIR AND CAN SIT UP O 120 PEOPLE. BIG OPEN BASEMENT THE LENGTH OF THE BUILDING USED BY 1ST FLOOR BUSINESS. ALL SEPERATE UTILITIES FOR ALL 3 APARTMENTS. SECOND FLOOR TENANTS PAYING LOW RENT LEASES UP APRIL AND MAY 2026. RENTS ARE $4800+$1500+ $1600. RESTUARANT ALSO PAYS HALF OF TAXES AND HALF OF THE WATER. 2 BEDROOMS APARTMENT BELOW MRKET VALUE.
Location
State NJ
County Passaic
Zoning MSRA
Rooms
Basement Full, Unfinished
Interior
Heating Gas-Natural
Cooling Window A/C(s)
Equipment Appliances, Fire Alarm, See Remarks, Smoke Detector
Heat Source Gas-Natural
Exterior
Exterior Feature Brick/Block
Utilities Available Gas-Natural
Roof Type Flat
Building
Story 2
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple