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$ 849,999
Est. payment /mo
Active
247 Hope Ave AKA 251 Passaic City, NJ 07055
8 Beds
4 Baths
9,583 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4009662
Style See Remarks, Under/Over
Bedrooms 8
Full Baths 4
Year Built 2025
Annual Tax Amount $15,011
Tax Year 2024
Lot Size 9,583 Sqft
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.
Location
State NJ
County Passaic
Rooms
Basement Finished
Interior
Heating Gas-Natural
Cooling 2 Units, Central Air
Heat Source Gas-Natural
Exterior
Exterior Feature See Remarks
Utilities Available Electric, Gas-Natural
Roof Type See Remarks
Building
Sewer Public Sewer
Water Public Water
Architectural Style See Remarks, Under/Over
Others
Senior Community No
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by COLDWELL BANKER REALTY
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