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381 Lafayette Ave

Passaic City, NJ 07055
  • $525,000
  • STATUS: Active Under Contract
  • ON SITE: 47 Days
  • MLS #: 3813329
Under Contract
UPDATED: 41 min ago
$525,000
  • 8
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1900
County:
Area:

School Ratings & Info

Description

Great recently renovated income producing legal 2 Family with possible 2 bonus units (attic and basement) located in a great section of Passaic. The 1st and 2nd floor unit offers three bedrooms, an eat-in kitchen and living room and a full bath. Fully finished attic offers living room, kitchen, 2 bedrooms, and a full bath. Fully brand new finished basement offers family room, full bathroom and a wide open space. Detached one car garage and a driveway that can fit up to 3 additional cars. Current gross rental income is $55,800 a year with great tenants.

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Garden State MLS logo © 2022 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 The Blanchard Team | Berkshire Hathaway HomeServices NJ Properties. 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 The Blanchard Team | Berkshire Hathaway HomeServices NJ Properties 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 2022-12-05T06:46:53.653.
www.theblanchardteam.com/homes/134066466
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381 Lafayette Ave Passaic City, NJ 07055

  • Price: $525,000
  • Status: Active Under Contract
  • On Site: 47 Days
  • Updated: 41 min ago
  • MLS #: 3813329
8
Beds
4
Baths
0
½ Baths
N/A
Acres
1900
Built
County:
Passaic
Area:
Passaic City
Property Description
Great recently renovated income producing legal 2 Family with possible 2 bonus units (attic and basement) located in a great section of Passaic. The 1st and 2nd floor unit offers three bedrooms, an eat-in kitchen and living room and a full bath. Fully finished attic offers living room, kitchen, 2 bedrooms, and a full bath. Fully brand new finished basement offers family room, full bathroom and a wide open space. Detached one car garage and a driveway that can fit up to 3 additional cars. Current gross rental income is $55,800 a year with great tenants.
Exterior Features

Approximate Lot Size 3999 Exterior Description Vinyl Siding Exterior Features See Remarks Garage Description Detached Garage Number Of Parking Spaces 3 Parking Driveway Description ConcreteDirt Roof Description Composition Shingle

Interior Features

Basement Yes Basement Description Full Cooling Window A/C(S) Heating Baseboard - Electric Total Number Of Rooms 12 Unit1 Appliances Equipment See Remarks Unit1 Baths 1.0 Unit1 Bedrooms 3 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description See Remarks Unit1 Rooms 4 Unit1 Security Deposit 0 Unit1 Sq Ft 0 Unit2 Appliances Equipment See Remarks Unit2 Baths 1.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description See Remarks Unit2 Rooms 4 Unit2 Sq Ft 0 Unit3 Baths 1.0 Unit3 Bedrooms 2 Unit3 Fireplaces 0 Unit3 Rooms 4

Property Features

Assessment Total 304200 Building Assessment 236700 Easement Unknown Fha Age Restricted No Fuel Type ElectricGas-Natural Gross Operating Income 55800 Land Assessment 67500 Net Operating Income 40800 Sewer Public Sewer Tax Amount 11437 Tax Rate Amount 3.760 Tax Rate Year 2021 Tax Year 2022 Total Operating Expense 15000 Unit Style 2-Two Story Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 1550 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 1550 Unit2 Security Deposit 0 Unit3 Handicap Modified No Unit3 Rent 1550 Utilities Gas-Natural Water Public Water Water Heater ElectricGas Year Built Description Unknown

Listing information © 2022 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 201-939-0050.


Garden State MLS logo © 2022 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 The Blanchard Team | Berkshire Hathaway HomeServices NJ Properties. 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 The Blanchard Team | Berkshire Hathaway HomeServices NJ Properties 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 2022-12-05T06:46:53.653.
 
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