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262 Passaic St
Passaic, NJ 07055
Retail Property For Sale
PROPERTY FACTS
ABOUT 262 PASSAIC ST , PASSAIC, NJ 07055
Up for sale is this legal 11 Unit Rooming House. Income from the 11 units is $6,880, Barber shop 500sqft $1,025, Bar 2000sqft $2100. 3 garages ($375 monthly)Total Monthly Income $10,380. Extra Income Opportunity!!! State Approved 16x40 Billboard on the roof of building. $2K-3K potential extra monthly income. Engineer plans for billboard come with the sale. Break down below. Unit1 $600 Unit2 $600 Unit3 $650 Unit4 $700 Unit5 $500 Unit6 1bdrm $850 Unit7 1bdrm Supers Unit $400 Unit8 $650 Unit9 $580 Unit10 $750 Unit11 $650 Barber Shop $1025 Bar $2100 Garages $375 Total Income $124,560 (plus a potential extra 24k-36k from billboard) ExpensesTaxes $16k,Gas/Electric $7200, Ins. $4500, Water/Sewer $3200. Total Expenses $30,900.
PROPERTY TAXES
| Parcel Number | 07-01081-0000-00022 | Improvements Assessment | $328,500 |
| Land Assessment | $149,500 | Total Assessment | $478,000 |
PROPERTY TAXES
