NJ
Passaic
Passaic City
07055
247 Hope Ave
247 Hope Ave, Passaic City, NJ 07055
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Listing Type
Multi Family
Listing Status
Active
24
$899,000

Home Details for 247 Hope Ave

Price
$899,000
Type
Residential Income
Bedrooms
8
Total Bathrooms
4
Full Bathrooms
4
Year built
2025
Lot size acres
0.22
County
Passaic
Total rooms
19
Basement
Finished, Walk-Out Access
MLS Listing#
4050592
Property 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.

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
  • Basement
    • Finished
    • Walk-Out Access
  • Cooling Information
    • Central Air
  • Water Features
    • Public
  • Utilities
    • Natural Gas Available
  • Parking
    • On Street
Listing Courtesy: COLDWELL BANKER REALTY - 973-778-4500
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EXIT PLATINUM REALTY
200 Claremont Ave, Montclair, NJ 07042
Office
973 746 4777
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