247 Hope Ave, Passaic City, NJ 07055
- $899,000
- 8
- BD
- 4
- BA
- List Price
- $899,000
- Status
- ACTIVE
- Days on Market
- 6
- MLS#
- 4050592
- Year Built
- 2025
- Bedrooms
- 8
- Bathrooms
- 4
- Full Baths
- 4
- Acres
- 0.22
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.
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Additional Information
- Taxes
- $15,503
- Heating
- 2 Units, Forced Hot Air
- Air Conditioning
- 2 Units, Central Air
- Exterior Features
- See Remarks
- Roof
- Asphalt Shingle
- Parking
- On-Street Parking
- Number Of Units
- 2
Mortgage Calculator
Listing Courtesy Of COLDWELL BANKER REALTY, Contact: 973-886-6258
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