247 Hope Ave , Passaic City, New Jersey 07055-6803

  • $899,000

Description

Discover the Possibilities and unlock the exceptional potential of this Large Two Family home on an Oversized Lot 75 x 125. The very large two-family home generates $7,000 in gross monthly rental income. Collect strong cash flow while you explore future opportunities to possible subdivide -(see attached licensed appraisal for lot 37.5 x 100) or redevelopment – making this an ideal prospect for investors, builders, and visionaries. The existing two-family is being sold strictly as-is and any future development, buyer is responsible to acquire the necessary approvals. With its generous lot size and desirable setting, the possibilities are wide-open for those ready to create something special. A unique chance to combine income today with potential for more profit tomorrow. Don’t miss it.

  • City: Passaic City
  • State/county: NJ

Details

Updated on September 4, 2026 at 6:41 pm
  • Property ID HZ4050592
  • Price $899,000
  • Bedrooms 8
  • Bathrooms 4
  • Property Type Residential Income
  • Property Status Active

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Queens Realty New Jersey

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