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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
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $650,000 | Lot Size | 0.11 AC |
| Price Per SF | $232.14 | Building Size | 2,800 SF |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 7.21% | Year Built | 1916 |
| Property Type | Specialty | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | Commercial - Rooming House classified as commercial property. | ||
| Price | $650,000 |
| Price Per SF | $232.14 |
| Sale Type | Investment |
| Cap Rate | 7.21% |
| Property Type | Specialty |
| Building Class | C |
| 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 1
Walk Score®
Very Walkable (89)
Property Taxes
| Parcel Number | 23-00506-0000-00025 | Total Assessment | $600,000 (2025) |
| Land Assessment | $210,000 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $390,000 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
23-00506-0000-00025
Land Assessment
$210,000 (2025)
Improvements Assessment
$390,000 (2025)
Total Assessment
$600,000 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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66 Euclid Ave - Rooming House
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