Address
262 Passaic St Passaic City, NJ
Price
$ 1,075,000
Property Attributes
  • MLS#3708892
  • TypeCommercial
  • CountyPASSAIC
  • CityPassaic City
  • AreaPassaic City
  • Zip07055
  • StyleStore With Apartment
  • Year Built1930
  • Taxes$ 17834
  • Price$ 1,075,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size4,792 SqFt
Listing Provided Courtesy Of:
UNITED REAL ESTATE
Data Source:
Garden State MLS
Property Description

WOW! CASH COW! Bar & juice bar, both 10-year leases. Upper levels consist of 9 rented rooms, 2 common baths & two 1-bedroom apts, 2-car garage & yard space in the rear is also rented. Bar has its own heating system, water meter. Juice bar has own electric baseboard heat. Owner has installed 3 new gas systems, one for the bar, the others for rented rooms & apartments. Newer baths for rented rooms (one shower not upgraded) lots of new plumbing. Roof aprrox 8 years ago. CCTV system, viewed via the internet. The current non-resident super is a deputy sheriff which will stay on if wanted. All the tenants have been paying during the pandemic. Income & Expense sheet attached. Being sold AS-IS, buyer responsible for any inspections/certifications required

Price History
4/30/2021 Listed $1,075,000

General Features

Basement Full
Construction See Remarks, Wood
Cooling No Cool
Drive On-Street Parking, See Remarks
Heating 3 Units
Num Apts 2
Property Type Store With Apartment
Property Type Store With Apartment
Roof Asphalt Shingle, See Remarks
Sewer Public Sewer
Tax Annual Amount 17834
Town # 2507
Township Passaic City
Utilities Electric, Gas In Street, Gas-Natural
Zoning Com/Res

Interior Features

Fuel Type Gas-Natural
Num 1 Bdrm Units 2

Exterior Features

Exterior Description Vinyl Siding
Lot Dimensions 38X129
Lot Features Corner
Water Source Public Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 07055

Price
AVG $610K
$1.08M
Taxes
AVG $20,081
$17,834
Visits
AVG 120
3
Year Built
AVG 1942
1930

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