Business For Sale in Hackensack, NJ
MLS# : 23003677
PROPERTY DETAILS
PROPERTY DESCRIPTION
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 public transportation. Two car garage. Cap Rate approx. 6.91%. There is 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 in Maintained well and in good working order. Newer gas Furnace. Please go to Associated Docs for Income and Expense Sheet along with a property survey.
Amenities
This listing is a courtesy of Keller Williams Valley Realty
(201) 391-2500 office, listing agent Margaret Hanna
About Hackensack, NJ Real Estate Market
Before 1921, the city was known as New Barbadoes Township. However, even then, it was informally known as Hackensack by the locals since the 18th century. The legal renaming of the city occurred in 1921 based on the results of a referendum. The name Hackensack is derived from its original inhabitants, the Lenni Lenape.
Being one of the biggest cities in Bergen County, Hackensack has several prominent landmarks. A few of those landmarks are the metropolitan campus of Fairleigh Dickinson University, New Jersey Naval Museum, World War II submarine USS Ling, Bergen County Court House and Hackensack University Medical Center.
The real estate of Hackensack is very diverse, and one can find many residential homes and complexes along Prospect Avenue between Beech Street and Passaic Street. Here, you will find various houses, like single-family houses, large garden apartment complexes and stately older homes. You can find a number of houses for sale in New Jersey in this city.
| Population: | 43,010 |
| Total Housing Units: | 19,375 |
| Single Family Homes: | 8,227 |
| General Tax Rate (2023): | 2.878% |
| Effective Tax Rate (2023): | 2.592% |
| Compare To Other Towns |
Hackensack Market Indicators
PRICE INDEX
| Average Price* (12mo): | $573,981 |
| Homes Sold* (12mo): | 78 |
SINGLE FAMILY HOME SALES
Hackensack, NJ
REAL ESTATE TAXES
| General Tax Rate (2023): | 2.878% |
| Effective Tax Rate (2023): | 2.592% |
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $430,000 - 1,199,999 | 14 avail |
| Condos : | $235,000 - 999,900 | 40 avail |
| Co-ops : | $170,000 - 350,000 | 8 avail |
| Twnhs : | $675,000 - 675,000 | 1 avail |
| 2-4 Fam : | $549,999 - 1,149,000 | 5 avail |
| 5+ Fam : | $650,000 - 650,000 | 1 avail |
| Land : | $259,000 - 895,000 | 3 avail |
| Rentals : | $1,500 - 6,000 | 61 avail |
| Mixd Use : | $650,000 - 1,075,000 | 2 avail |
| Com S : | - | |
| Com L : | - | |
| Biz : | $70,000 - 650,000 | 4 avail |
