66 Euclid Ave - Rooming House
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66 Euclid Ave - Rooming House
2,800 SF Speciality Building Offered at £512,850 at a 7.21% Net Initial Yield 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 | £512,850 | Lot Size | 0.11 AC |
| Price Per SF | £183 | Building Size | 2,800 SF |
| Sale Type | Investment | Number of Floors | 3 |
| Net Initial Yield | 7.21% | Year Built | 1916 |
| Property Type | Speciality | Opportunity Zone |
Yes
|
| Price | £512,850 |
| Price Per SF | £183 |
| Sale Type | Investment |
| Net Initial Yield | 7.21% |
| Property Type | Speciality |
| Lot Size | 0.11 AC |
| Building Size | 2,800 SF |
| Number of Floors | 3 |
| Year Built | 1916 |
| Opportunity Zone |
Yes |
Amenities
- Bus Route
- Commuter Rail
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Walk Score ®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 23-00506-0000-00025 | Total Assessment | £604,137 |
| Land Assessment | £165,690 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £438,447 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
23-00506-0000-00025
Land Assessment
£165,690
Improvements Assessment
£438,447
Total Assessment
£604,137
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
zoning
| Zoning Code | Commercial (Rooming House classified as commercial property.) |
| Commercial (Rooming House classified as commercial property.) |
-
Randy Douglass -
Keller Williams Valley Realty
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66 Euclid Ave - Rooming House
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