Pending

Under Contract

156 Brown Ave

Prospect Park Boro NJ, 07508

$999,999


Pending

Under Contract

Commercial

Built in 1921

EXCELLENT RARE OPPORTUNITY!!! Two houses on .45 acre property, including one 3-family and one 2-family. 4 apartments are currently tenant occupied. Owner's apartment is a 2/3-bedroom, 1.1 bath first floor residence shown in the photos. Further information and details, including floor plans and photos, are available for all other apartments and can be provided upon request to serious buyers only. All units include separate utilities, washer/dryer hookups and ample parking. Front house was originally built in 1921. Rear house was converted to 2-family in 2014. Apartments are in great condition with updated kitchens. Unit 1 (1st fl) has 2/3 beds, 1.1 baths with laundry in basement. Unit 2 (2nd fl) has 1 bed, 1 bath with access to attic. Unit 3 (1st and 2nd fl) has 2 beds, 1 bath with laundry in basement. Rear house apartments are 10 years old with hardwood floors, central AC and laundry in units. Front house has basement under Unit 1 that is finished, but needs to be renovated. Investors and developers are welcome to inquire. Complete brochure with specs on all apartments, attic, basements, current/projected rent roll and valuation analysis is available to qualified buyers. Respectable cap rate with room to grow. Please do not trespass on property or disturb tenants.

3917314

MLS ID

August 5, 2024

Listed

November 26, 2024

Updated

Map

156 Brown Ave
Prospect Park Boro NJ, 07508

Interior Features

Interior Features

Carpet, Tile, Wood


Floor Description

Carpet, Tile, Wood


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.54 Acres


Lot Features

Level


Roof

Asphalt


Sewer

Public Sewer

Other Property Details

Taxes

$22,071


Tax Frequency

Annually


Days on Market

113


Garage

No


View

No


County

Passaic


Water Source

Public


Pool

No


Zoning

R1

Listing History

Date

Event

Price

11/26/2024

Pending

9/10/2024

Price change

$999,999

-17%

Courtesy of WEICHERT REALTORS with DAWN COX,
Listing Contact: 9736966660 

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