237 Haledon Avenue

Haledon, NJ 07508

$650,000
Last Sold Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Investment or Owner User. This income producing property consists of two rented apartments upstairs and a vacant turnkey bar with liquor license on the ground floor. The property has parking for both tenants and patrons. The asking price includes the class C liquor license. MTM residential tenants immediate cash flow and present a value add opportunity to increase rents with modest improvements and longer lease terms. For investors, the pro forma rent on the ground floor is $22- 25psf psf NNN. This...Investment or Owner User. This income producing property consists of two rented apartments upstairs and a vacant turnkey bar with liquor license on the ground floor. The property has parking for both tenants and patrons. The asking price includes the class C liquor license. MTM residential tenants immediate cash flow and present a value add opportunity to increase rents with modest improvements and longer lease terms. For investors, the pro forma rent on the ground floor is $22- 25psf psf NNN. This site is located 1 mile from William Paterson University which has over 9,000 registered students. The ground floor bar is turnkey with all beer/ soda lines in place, refrigeration, kitchen, and bar in addition to a basement office and storage area. Terra Cotta roof and brick interior are consistent with a tapas style restaurant/ bar. 7% cap rate in year 2 based on pro forma rents.
  1. Listed by Jonathan Corbiscello • Keller Williams City Views Realty • (201) 592-8900
  2. Listed by Shpresa Lita • Keller Williams City Views Realty

Property Details for 237 Haledon Avenue

Style
Res/Com Mixed
Sub style
Other

Location

Add your commute
LISTING UPDATED: 01/15/2023 12:07 PM

Property Details for 237 Haledon Avenue

StatusSold
MLS #22018696
Days on Market105
Taxes$16,674 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeMixed Use / Res/Com Mixed
Year Built-
Lot Size-
CountyPassaic County

Location

Add your commute

Building Information for 237 Haledon Avenue

Stories2Residences2Year Built-Lot Size-

Payment Calculator

$4,937 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,547

Property Taxes

$1,390

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 237 Haledon Avenue

Summary
Location and General Information
  • Area: 1603
  • Area name: Haledon
  • Directions: Hamburg Tpk to Pompton Rd (turns into) Haledon Ave.(located on the corner between Haledon Ave & Burhans Ave)
  • Street Name: Haledon
  • County Name: PASSAIC
  • Status: SOLD
  • Street Number Numeric: 237
  • Zip Code: 07508
Taxes and HOA Information
  • Tax: $16,674
Parking
  • Parking Spaces: 7
Property
Lot Information
  • Lot: 00017
  • Year Built: 1980's
  • Propertype ro: O/See Rmrks
  • Block: 00105
Property and Assessments
  • Photo: Y
  • Photo Number: 14
Interior and Exterior Features
Interior Features
  • Number of Units: 2
  • Number Of Stories: 2
  • Full Baths Total: 0
  • Num of Baths: 0.0
Exterior Features
  • Roof: Asphalt
Multi Family
Multi-Family Information
  • No of Common units: 1
  • No2 Bedroom units: 2
Income & Expenses Information
  • Gross Income: $71,100.00
  • Net Income: $46,277.00
  • Gross expenses: $24,823.00
Agent
Sale and Listing Information
  • Search Class: MIX
  • List Price: $689,000.00
  • Listing Date: 05-24-2022
  • Pending Date: 09-06-2022
  • Close Date: 01-13-2023
  • Status Date: 01-13-2023
  • Sale Price: $650,000
Showing Information
  • Internet Remarks: Investment or Owner User. This income producing property consists of two rented apartments upstairs and a vacant turnkey bar with liquor license on the ground floor. The property has parking for both tenants and patrons. The asking price includes the class C liquor license. MTM residential tenants immediate cash flow and present a value add opportunity to increase rents with modest improvements and longer lease terms. For investors, the pro forma rent on the ground floor is $22- 25psf psf NNN. This site is located 1 mile from William Paterson University which has over 9,000 registered students. The ground floor bar is turnkey with all beer/ soda lines in place, refrigeration, kitchen, and bar in addition to a basement office and storage area. Terra Cotta roof and brick interior are consistent with a tapas style restaurant/ bar. 7% cap rate in year 2 based on pro forma rents.
Rental
Rental Information
  • Owner pays: Common Area, Lawn, Snow, Water

Property History for 237 Haledon 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 237 Haledon Avenue

Taxable ValueLand$50,400Additions$289,600Total$340,000
Tax Record2022$17,136 ($1,428 / month)
Home Facts
Lot Size4,182 SqFtStyleMiscellaneous CommercialCountyPASSAICAPN03 00105-0000-00017

Schools near 237 Haledon Avenue

This home is within Passaic County Manchester Regional High School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Private - PK to 6
Private - PK to 3
Rating
School
Distance
Haledon Public School
PublicPK to 8

Manchester Reg High School
Public9 to 12

Al- Hikmah Elementary School
PrivatePK to 6

Gilmore Memorial Chris Acd
PrivatePK to 3

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.

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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 Keller Williams City Views Realty, Jonathan Corbiscello; Keller Williams City Views Realty, Shpresa Lita

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 04/19/2024 11:05 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.