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.
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10BEDS
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N/AACRES
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3BATHS
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01/2 BATHS
School Ratings & Info
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.
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