66 Euclid Ave - Rooming House 2,800 SF Specialty Building Offered at $650,000 at a 7.21% Cap Rate in Hackensack, NJ 07601
INVESTMENT HIGHLIGHTS
- Almost no Vacancies!
- Turnkey Business, established for over 50 years.
- Quick Weekly Income
EXECUTIVE SUMMARY
Rooming House ... Attention Investors ... Rarely do you find a profitable, turnkey State Licensed Rooming House for sale. Wonderful opportunity to own this 9-Room facility along with a separate apartment that has a separate entrance. Both the building and business sold together. Walking distance to downtown Hackensack and transportation. Two-car garage. Cap rate approx. 6.91%. There is so much room to improve the cap rate as many of the rentals are below market value and some cosmetic updates would go a long way, even though the house is well maintained and in good working order. Newer gas furnace.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $650,000 |
| Price Per SF | $232.14 |
| Sale Type | Investment |
| Cap Rate | 7.21% |
| Property Type | Specialty |
| Lot Size | 0.11 AC |
| Building Size | 2,800 SF |
| No. Stories | 3 |
| Year Built | 1916 |
| Opportunity Zone |
Yes |
| Zoning | Commercial - Rooming House classified as commercial property. |
AMENITIES
- Bus Line
- Commuter Rail
1 of 1
Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 23-00506-0000-00025 | Total Assessment | $765,700 |
| Land Assessment | $210,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $555,700 | Tax Year | 2024 |
