247 Hope Avenue
Passaic, NJ, United States
$849,999
Active

247 Hope Avenue Passaic, NJ 07055

Property Features

  • 8 Beds
  • 4 Full Baths
  • MLS # 26004967

Property Description

Discover the Possibilities on an Oversized Lot. Unlock exceptional potential with this oversized 75 x 125 lot located in a residential neighborhood, featuring a very large two-family home generating approximately $7,000 in gross monthly rental income. Collect strong cash flow while you explore future opportunities - possible subdivision (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 will require the necessary approvals. With its generous lot size and desirable setting, the possibilities are wide-open for those ready to create something special. Bonus: The seller is willing to offer owner financing, adding flexibility and making this a rare opportunity to bring your project vision to life. A unique chance to combine income today with potential for tomorrow don't miss it.

Property Highlights

  • Annual Tax: $ 15011.0
  • Region: NEW JERSEY CBRB

Location

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The listing broker’s offer of compensation is made only to participants of the multiple listing service where the listing is filed.

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