367 Monroe St Under Contract

Passaic City,NJ 07055

$ 650000

11 Beds

3 Baths

0 SqFt


Key Details

Property Type Multi-Family, Commercial

Listing Status Under Contract

Purchase Type For Sale

MLS Listing ID 3949944

Style 3-Three Story

Bedrooms 11

Full Baths 3

Year Built 1900

Annual Tax Amount $10,827

Tax Year 2024

Lot Size 2,613 Sqft

Property Description

A versatile multi-family property featuring two spacious family units and a large third-level unit with tons of potential for additional living space or storage. Each unit includes 4 bedrooms, 1 bathroom, a kitchen with pantry, and a living room. The property boasts a large unfinished basement, a fenced backyard accessible from all units, and street parking. Utilities include separate electrical panels, two natural gas furnaces, and two water heaters, with common area electricity and water billed to the owner. Current rental income is $1,750 for Unit #1 and $1,650 for Unit #2, with the third unit previously rented for $1,200. Tenants have a lease just renewed in January 2025 and are aware of the listing currently for sale. The property passed lead inspections in January 2025, House is being sold "AS IS" Condition and is conveniently located near public transportation, shopping, restaurants, and schools. Don't miss this opportunity for great rental potential in a prime location!

Location

State NJ

County Passaic

Rooms

Basement Finished-Partially

Interior

Heating Gas-Natural

Cooling See Remarks

Heat Source Gas-Natural

Exterior

Exterior Feature Vertical Siding

Parking Features See Remarks

Utilities Available Electric, Gas-Natural

Roof Type Asphalt Shingle

Building

Sewer Public Sewer

Water Public Water

Architectural Style 3-Three Story

Others

Senior Community No

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