Properties

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.

Features

  • Heating System : Forced Hot Air, 2 Units
  • Cooling System : Central Air, 2 Units
  • Basement : Walkout, Finished
  • Roof Deck : Asphalt Shingle
  • Parking Description: On-Street Parking
  • Tax Assessed Valuation: 364100
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Electric, Gas-Natural
  • Internet

Additional Info

  • Office Name: COLDWELL BANKER REALTY
  • Office MLS ID: 002428
  • Agent ID: 248142
  • Tax: 15503
  • Tax Year: 2025
  • Application Fee: $0

Multi-Family For Sale

For Sale
$799,000

247 Hope Ave, Passaic City, *

  • SQFT 75 Acre
  • Bedroom 8
  • Built Year 2025

Details

  • Property Type: Multi-Family
  • Listing Type: For Sale
  • Listing ID: 5457827
  • Price: $799,000
  • Bedrooms: 8
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 2025
  • Year Built Description: Approximate
  • Lot Area: 75 Acre
  • Status: Active
  • Days On Market: 25

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Passaic
  • City Passaic City
  • Zipcode *
  • Street: Hope Ave
  • Street Number: 247
  • Street Direction: Center or Harrison to Hope
  • Floor Number: 0
  • Longitude: W75° 52' 27.3''
  • Latitude: N40° 52' 18.3''
  • Internet Display Address: Yes
Property