66 Euclid Ave, Hackensack, NJ 07601
66 Euclid Ave, Hackensack, NJ 07601Basic Details
- Date added: Added 1 month ago
- Type: Commercial
- Category: For Sale
- Status: Open
Description
-
Description:
2,800 SF Specialty Building Offered at $650,000 at a 7.21% Cap Rate in Hackensack, NJ 07601
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.
Show all description
Property Details
- Price per sqft: $232.14
- Area: 2,800 sq ft
- Year built: 1916
- Sale Type: Investment
- Cap Rate: 7.21%
- Lot Size: 0.11 AC
- Building Size: 2,800 SF
- Building Class: C
- Opportunity Zone: Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
- Zoning: Commercial - Rooming House classified as commercial property.
Highlights
-
- Almost no Vacancies!
- Turnkey Business, established for over 50 years.
- Quick Weekly Income
Property Taxes
- Parcel Number: 23-00506-0000-00025
- Land Assessment: $210,000 (2025)
- Improvements Assessment: $390,000 (2025)
- Total Assessment: $600,000 (2025)
Agent
Randy Douglass
Keller Williams Valley Realty
Location
Need More Information About This Property?
Fill out the quick form, and we’ll connect you with a local expert who specializes in your area and property type.
-
Local Market Expertise
-
Personalized Guidance
-
Fast & Friendly Response