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    262 Passaic St

    Passaic City, NJ 07055
    • $1,295,000
    • STATUS: Active
    • ON SITE: 10 days
    • MLS #: 3662228
    UPDATED: 45 min ago
    $1,295,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1930
    County:
    Area:

    School Ratings & Info

    Description

    Cash Cow! Bar & juice bar, both on 10-year leases (with bumps). Upper levels consist of 9 rented rooms with 2 common baths & two 1-bedroom apts, a 2-car garage & yard space in the rear is also rented. The bar has its own heating system and water meter. The juice bar has its own electric baseboard heat. The owner installed 3 new gas systems, one for the bar & the other two for the rented rooms & apartments. Newer baths for the rented rooms (except one shower was not upgraded) & lots of new plumbing. Roof done apx. 8 years ago. The owner has installed a CCTV system, which can be viewed via the internet. The current non-residence super is a deputy sheriff which would stay on if wanted. All the tenants have been paying during the COVID-19 pandemic. An Income & Expense sheet is attached.

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    © 2020 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Premier Group NJ at RE/MAX Central. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Premier Group NJ at RE/MAX Central are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2020-09-19T10:46:43.48.
    www.premiergroupnj.com/homes/109786503
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    262 Passaic St Passaic City, NJ 07055

    • Price: $1,295,000
    • Status: Active
    • Updated: 45 min ago
    • MLS #: 3662228
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    1930
    Built
    County:
    Passaic
    Area:
    Passaic City
    Property Description
    Cash Cow! Bar & juice bar, both on 10-year leases (with bumps). Upper levels consist of 9 rented rooms with 2 common baths & two 1-bedroom apts, a 2-car garage & yard space in the rear is also rented. The bar has its own heating system and water meter. The juice bar has its own electric baseboard heat. The owner installed 3 new gas systems, one for the bar & the other two for the rented rooms & apartments. Newer baths for the rented rooms (except one shower was not upgraded) & lots of new plumbing. Roof done apx. 8 years ago. The owner has installed a CCTV system, which can be viewed via the internet. The current non-residence super is a deputy sheriff which would stay on if wanted. All the tenants have been paying during the COVID-19 pandemic. An Income & Expense sheet is attached.
    Exterior Features

    Approximate Lot Size 38X129 Construction Wood Exterior Description Vinyl Siding Location Business DistrictCorner Lot Description Corner Number Of Bays 0 Number Of Docks 0 Parking Driveway Description On-Street Parking Roof Description Asphalt ShingleFlat

    Interior Features

    Basement Yes Basement Description Full Cooling See Remarks Equipment Available See Remarks Floors See Remarks Heating 3 Units Max Ceiling Height 0 Max Door Height 0 Number Of Lavatories 0 Office Sq Ft 0

    Property Features

    Expenses Include InsuranceProperty ManagementTaxesWater/Sewer For Sale Or Lease For Sale Fuel Type Gas-Natural Gross Operating Income 159780 Net Operating Income 90805 Permitted Use Commercial/Residential Primary Property Type Store With Apartment Property Type Store With Apartment Sale Includes Building & Land Sewer Public Sewer Suite Number 0 Tax Amount 17576 Tax Rate Amount 3.677 Tax Rate Year 2019 Tax Year 2019 Total Operating Expense 68975 Utilities ElectricGas-Natural Water Public Water Year Built Description Approximate Zoning C-R

    Listing information © 2020 Garden State Multiple Listing Service,LLC.
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    © 2020 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Premier Group NJ at RE/MAX Central. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Premier Group NJ at RE/MAX Central are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2020-09-19T10:46:43.48.
     
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    Premier Group NJ at RE/MAX Central
    520 Highway 9 North
    Manalapan NJ, 07726