2 Railroad Avenue

Wanaque, NJ 07465

$1,160,000
Last Sold Price
35
Beds
8
Baths
2
1/2 Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Great Investment property & location in Wanaque that features a 3 story brick building consisting of two 4 BRM apartments on the 1st floor. The 2nd & 3rd floors feature 12 bedrooms & 13 bedrooms with 4 common baths, 2 located on the second floor & 2 on the third floor. The bonus is a single family home with 2 bedrooms, Kitchen, living room, bath & basement. This building has its own parking lot. The GOI is $253,320 & the NOI before the Vacancy Factor is $154,909, After the Vacancy Factor of 4+ rooms...Great Investment property & location in Wanaque that features a 3 story brick building consisting of two 4 BRM apartments on the 1st floor. The 2nd & 3rd floors feature 12 bedrooms & 13 bedrooms with 4 common baths, 2 located on the second floor & 2 on the third floor. The bonus is a single family home with 2 bedrooms, Kitchen, living room, bath & basement. This building has its own parking lot. The GOI is $253,320 & the NOI before the Vacancy Factor is $154,909, After the Vacancy Factor of 4+ rooms either being empty or for non payment of rent the NOI is $124,900. The owner has also made many improvements since 2017 including a newer roof on the building. All information and financial numbers supplied in these remarks are reliable but not guaranteed.
  1. Listed by TIMOTHY L. WALLER • COLDWELL BANKER REALTY

Property Details for 2 Railroad Avenue

Directions
Ringwood Ave to Railroad
Days On Market
93
Section/Subdiv/Development
Wanaque

Location

Add your commute
LISTING UPDATED: 05/01/2022 03:03 AM

Property Details for 2 Railroad Avenue

StatusSold
MLS #3675809
Days on Market93
Taxes$22,093 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1906
Lot Size0.41 AC / 17,859 SF
CountyPassaic County

Location

Add your commute

Building Information for 2 Railroad Avenue

Stories-Residences4Year Built1906Building Size-Lot Size0.41 AC / 17,859 SF

Payment Calculator

$8,172 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,331

Property Taxes

$1,841

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2 Railroad Avenue

Summary
Location and General Information
  • Zoning: 4A
  • Building #: 2
  • Middle/Jr High School: WANAQUE
  • Grade School: HASKELL
  • High School: LAKELAND
  • Active Days on Market: 100
  • Comprehensive Days on Mkt: 0
  • County #: Passaic
  • Town Name: Wanaque Boro
  • Block Identifier: 236.01
  • Listing Type: Exclusive Right to Sell
  • Color of Building: Brown
  • Street # Display: 2.0
  • # Parking Spaces: 24
  • County Or Parish: Passaic
  • Street Name: RAILROAD AVE
  • Zip Code: 07465-1403
  • Total Units: 4
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $22,093
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Assessment Total: 551900.0
  • Tax ID For Property: 2513-00236-0001-00018-0000-
  • Tax Rate Amount: $4
  • Tax Rate Year: 2020
  • Tax Year: 2020
  • Lot ID Tax: *
Parking
  • Parking/Driveway Description: Additional Parking, None, Parking Lot-Exclusive
  • Garage Description: None
Property
Lot Information
  • Lot Description: Level Lot, Open Lot
  • Lot Identifier: 18
  • Approximate Lot Size: 70x202
  • Total Acres: 0.41
  • Construction Date/Year Built: 1906
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 377100.0
  • Assessment Land: 174800.0
  • Farm Assessment: No
Utilities
  • Cooling: No Cool
  • Services: Cable TV, Garbage Included
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas
  • Heating: 4 Units
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Brick
  • Exterior Features: Open Porch(es)
Interior Features
  • Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Unfinished
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Dishwasher, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 1 Baths: 1.2
  • Unit 1 Bedrooms: 4
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water
  • Unit 1 Rent: 1730.0
  • Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living Room, See Remarks
  • Unit 1 Rooms: 6.0
  • Unit 1 Security Deposit: 0.0
  • Unit 1 Sq Ft: 1200.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Electric, Refrigerator, Smoke Detector
  • Unit 2 Baths: 2.0
  • Unit 2 Bedrooms: 4
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water
  • Unit 2 Rent: 1740.0
  • Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living Room
  • Unit 2 Rooms: 6.0
  • Unit 2 Security Deposit: 0.0
  • Unit 2 Sq Ft: 1200.0
Unit 3 Information
  • Unit 3 Appl/Equip: Carbon Monoxide Detector, Dishwasher, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 2
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 2.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 3 Rent: 1300.0
  • Unit 3 Room Description: Bedrooms, Dining Room, Kitchen, Living Room
  • Unit 3 Rooms: 5.0
  • Unit 3 Security Deposit: 0.0
  • Unit 3 Sq Ft: 1400.0
Unit 4 Information
  • Unit 4 Appl/Equip: Carbon Monoxide Detector, Smoke Detector
  • Unit 4 Baths: 4.0
  • Unit 4 Bedrooms: 25
  • Unit 4 Fireplaces: 0.0
  • Unit 4 Handicap Modified: No
  • Unit 4 Levels: 2.0
  • Unit 4 Owner/Tenant Pays: Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water
  • Unit 4 Rent: 0.0
  • Unit 4 Room Description: Bedrooms
  • Unit 4 Rooms: 25.0
  • Unit 4 Security Deposit: 0.0
  • Unit 4 Sq Ft: 0.0
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $98,411.00
  • Expenses Include: All Utilities, Electricity, Insurance, Taxes
  • Net Operating Income: $124,900.00
  • Gross Operating Income: $253,320.00
Rental
Rental Information
  • Home Warranty: false

Property History for 2 Railroad Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2 Railroad Avenue

Taxable ValueLand$174,800Additions$502,100Total$676,900
Tax Record2022$28,010 ($2,334 / month)
Home Facts
Stories3Lot Size14,140 SqFtStyleMiscellaneous CommercialCountyPASSAICAPN13 00236- 01-00018

Schools near 2 Railroad Avenue

This home is within Lakeland Regional High School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 8
Private - PK to 8
Rating
School
Distance
Wanaque Elementary School
PublicPK to 8

Lakeland Reg High School
Public9 to 12

Haskell Elementary School
PublicPK to 8

St Francis Of Assisi School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of COLDWELL BANKER REALTY, TIMOTHY L. WALLER

The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated 03/29/2024 09:59 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.