247 Hope Ave, Passaic City NJ 07055-6803

$850,000
Active
Passaic City
Bedrooms
8

About this home

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.

Taxes & fees

Annual property tax
$15,503
Tax year
2025
Tax rate
4.258

Property details

Year Built
2025
Roof (*text)
Asphalt Shingle
Lot Size Area
0.22
MLS #
4050592

Features & amenities

Year Built (*numeric)
2025
Basement
Yes
Roofing (*text)
Asphalt Shingle
Days on market
18
Basement (*text)
Yes
Cooling (*text)
2 Units, Central Air
Garage spaces
0
Heating
2 Units, Forced Hot Air
Lot dimensions
75X125
Property Location

40.87174, -74.12574

Geo Lat Long Proximity (field_pro_lat_long)
Units: Miles
Origin Coordinates
Value in decimal degrees. Use dot (.) as decimal separator.
Listing source
GSMLS
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