Properties

Description

RARE INVESTMENT & REDEVELOPMENT OPPORTUNITY! An exceptional property offering the unique combination of substantial in-place rental income and exciting future redevelopment potential.Situated on one property are FOUR existing houses currently generating a combined $10,725 PER MONTH in rental income ? approximately $128,700 in gross annual income. This provides an investor with meaningful cash flow from day one while evaluating the property's longer-term possibilities.The real opportunity lies in the flexibility of the asset. Continue operating the four existing residences as an income-producing investment, explore opportunities to enhance the property's current use, or investigate its future redevelopment potential. The property's configuration and overall potential create a compelling opportunity for investors, developers, builders, and end users looking for a value-add acquisition.Property is being marketed based upon its existing use and potential. Any proposed development, redevelopment, subdivision, change of use, or other improvements are subject to applicable zoning regulations, governmental approvals, and the buyer's independent due diligence. Seller and listing broker make no representations regarding the feasibility or approval of any proposed use.A unique opportunity to acquire FOUR income-producing houses on one property while exploring the possibilities for its next chapter.

Features

  • Heating System : Baseboard - Hotwater
  • Cooling System : Window A/c(s)
  • Basement
  • Basement Description: Unfinished
  • Kitchen : Eat-in Kitchen
  • Roof Deck : Asphalt Shingle
  • Parking : 8
  • Parking Description: 2 Car Width
  • Furnished : Wood, Vinyl-linoleum
  • Lot Description: Corner, Level Lot, Possible Subdivision
  • Tax Assessed Valuation: 269600
  • Sewer: Public Sewer
  • Style: A-Frame, Extra House on Lot, See Remarks
  • Water: Public Water

Appliances

  • Appliances Description: Range/Oven-Gas, Refrigerator
  • Utilities: Electric, Gas-Natural
  • Internet

Additional Info

  • Office Name: COLDWELL BANKER REALTY
  • Office MLS ID: 002455
  • Agent ID: 296698
  • Tax: 16170
  • Tax Year: 2025
  • Application Fee: $0

Residential

$2,500,000

1745 -1749Ratzer Rd, Wayne Twp., *

  • SQFT 0.75 Acre
  • Bedroom 8
  • Bathroom 4
  • Built Year 1900

Details

  • Property Type: Residential
  • Property Sub Type: Single Family
  • Listing Type:
  • Listing ID: 5463747
  • Price: $2,500,000
  • Bedrooms: 8
  • Bathrooms: 4
  • Full Bathrooms: 4
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1900
  • Year Built Description: Approximate
  • Lot Area: 0.75 Acre
  • Status: Active
  • Days On Market: 0

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Passaic
  • City Wayne Twp.
  • Zipcode *
  • Street: -1749Ratzer Rd
  • Street Number: 1745
  • Street Direction: Google maps
  • Floor Number: 0
  • Longitude: W75° 47' 42.2''
  • Latitude: N40° 56' 37''
  • Internet Display Address: Yes
Property