247 Hope Ave, Passaic City NJ 07055-6803

Property City
Passaic City
Property Price
$899,000
Bedrooms
8
Year Built
2025
Tax Annual Amount
$15503
TaxYear (*text)
2025
Roof (*text)
Asphalt Shingle
Lot Size Area
0.22
MLS Status
Active
MLS #
4050592

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.

Yearly Tax Rate
4.258
Year Built (*numeric)
2025
Basement
Yes
Roofing (*text)
Asphalt Shingle
Days On Market
0
Basement (*text)
Yes
Cooling (*text)
2 Units, Central Air
GarageSpaces
0
Heating
2 Units, Forced Hot Air
Lot Size Dimensions
75X125
Property Location

40.87174, -74.12574

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Units: Miles
Origin Coordinates
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GSMLS
buynjhome Jagdeep

Jagdeep Singh

+1(848)242-6762