66 Euclid Ave - Rooming House
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66 Euclid Ave - Rooming House
2,800 SF Specialty Building Offered at $940,225 CAD 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 (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| 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 (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $940,225 CAD | Lot Size | 0.11 AC |
| Price Per SF | $336 CAD | Building Size | 2,800 SF |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 7.21% | Year Built | 1916 |
| Property Type | Specialty | Opportunity Zone |
Yes
|
| Price | $940,225 CAD |
| Price Per SF | $336 CAD |
| 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 |
AMENITIES
- Bus Line
- Commuter Rail
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Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 23-00506-0000-00025 | Total Assessment | $1,086,222 CAD |
| Land Assessment | $297,906 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $788,316 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
23-00506-0000-00025
Land Assessment
$297,906 CAD
Improvements Assessment
$788,316 CAD
Total Assessment
$1,086,222 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
ZONING
| Zoning Code | Commercial (Rooming House classified as commercial property.) |
| Commercial (Rooming House classified as commercial property.) |
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66 Euclid Ave - Rooming House
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