262 Passaic St
Passaic City, NJ, 07055 $ 999,999
Baths0.0 Monthly Estimate*
$ 6,985
Studio Commercial Property for sale in Passaic City, NJ
for $999,999. The lot size is 0.11.
Investment Opportunity in Passaic, NJ! City Approved Plans to Convert Existing Rooming House to a beautiful 10 Residential apartment building along with 2 Commercial Units. The residential Breakdown: Six 2-Bedrooms, Two 3-Bedrooms, Two 1-Bedrooms. Potential Monthly Rent Roll: $23,000 - $25,000. Conservatively Estimated Rent: 2-Bedrooms: $1,800 - $2,000 (x6 units), - 3-Bedrooms: $2,000 - $2,200 (x2 units), - 1-Bedrooms: $1,400 - $1,600 (x2 units), - Larger Commercial Unit: $3,500 - $4,000, - Smaller Commercial Unit: $1,500 - $1,800. This is a golden opportunity for savvy investors! A corner property with city-approved plans, will be delivered v a c a n t for your convenience, and huge rental income potential. Don't miss out on this chance to maximize your real estate investment.
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FeaturesGeneralSewer Public Sewer
Construction See Remarks
Heating See Remarks
Cooling See Remarks
Utilities Electric Gas In Street Gas-Natural
Possession at closing
Roof See Remarks
Zoning See Plans
Garage Spaces 0
Year Built 9999
Township Passaic City
Property Type Mixed Use See Remarks MixedUse
Tax Year 2022
Percent Ownership Fee Simple
Location Corner
County Passaic
Status Under Contract
Directions Corner of Columbia Ave and Passaic St
Total Units 0
Street Name Passaic St
Tax Annual Amount 18566
Drive Off-Street Parking See Remarks
Leasable Area 0
Days on Market 144
Standard Status Under Contract
Tax Assessed Value 478000
Town # 2507
Tax Lot 22
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InteriorBasement Full Unfinished
Fuel Type See Remarks
Total Stories 0
Half Baths 0
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ExteriorWater Source Public Water
Total Parking 0
Exterior Description See Remarks
Building Area Total 0
Lot Dimensions 38X129
Lot Size Acres 0.11
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* Excluded FeaturesList BySERGIO LIMONTAListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $6,985
- Monthly Property Taxes
- $1,547
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyTrends Information provided by ATTOM Data Solutions.
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 2/16/2024 | $999,999 | -6.98% | Price Down |
| 1/17/2024 | $1,075,000 | -10.42% | Price Down |
| 10/6/2023 | $1,200,000 | | Listed Price |