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237 EAST Passaic Ave Bloomfield, NJ 07003

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For Sale
$869,000

Two-unit property with income potential on a half-acre lot.

Property Features for 237 EAST Passaic Ave

General Information

Standard status
Active
Interior features
A/C Window, Baseboard, Gas, Radiators, Steam

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Listing Contact
Tamima Friedman
Tamima Friedman
Source: Kw

Listing Agency: Bernardsville/Basking Ridge Listing Agent: Tamima Friedman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

Two-Unit Multifamily Property

This two-unit multifamily property is situated on a half-acre lot. The property includes a shared foyer providing access to two distinct units, one on each floor, as well as a boarder apartment on the third floor. The first-floor unit features two bedrooms and one bathroom, updated with original molding and hardwood throughout the living area and bedrooms. The eat-in kitchen includes updated appliances, countertops, and ample storage. Kitchen sliders provide access to a deep yard and a large blacktop with space for six cars. The second-floor unit, freshly painted, features two bedrooms, two bathrooms, a modern kitchen, and a bonus space suitable for an office or den off the primary bedroom. The third floor is configured as a boarder unit with one bedroom and one bathroom, which could be combined with the second-floor unit or remain an income-generating apartment. Laundry is located in the basement. Recent upgrades include two new hot water heaters, a new furnace, and a chimney liner in 2023/24. The property offers opportunities for owner-occupiers and investors.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Bloomfield
County
Essex
State
New Jersey
Longitude
-74.1693613
Latitude
40.8355499

FAQs

What type of property is this?
Multifamily property - Two-unit property with income potential on a half-acre lot.
Where is this multifamily property located?
The property is located at 237 EAST Passaic Ave Bloomfield, NJ.
What is the asking price?
The asking price for this property is $869,000.
What are key features of this property?
This property features: - Income-producing multi-family property with owner-occupier potential.; - Two updated units: **2-bedroom, 1-bath unit on the first floor and a freshly painted 2-bedroom, 2-bath unit on the second floor.**; - **Large, deep half-acre lot with a spacious yard and ample parking for 6 cars.**
More about this property
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