1745 -1749Ratzer Rd, Wayne Twp., NJ 07470
1745 -1749Ratzer Rd, Wayne Twp., NJ 07470
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$2,500,000
Est. payment /mo
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8 Beds
4 Baths
0.75 Acres Lot
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1745 -1749Ratzer Rd Wayne Twp., NJ 07470

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Key Details

Property Type Single Family Home

Sub Type Single Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4055424

Style A-Frame, Extra House on Lot, See Remarks

Bedrooms 8

Full Baths 4

HOA Y/N No

Year Built 1900

Annual Tax Amount $16,170

Tax Year 2025

Lot Size 0.750 Acres

Property Sub-Type Single Family

Property Description

RARE INVESTMENT & REDEVELOPMENT OPPORTUNITY! An exceptional property offering the unique combination of substantial in-place rental income and exciting future redevelopment potential.Situated on one property are FOUR existing houses currently generating a combined $10,725 PER MONTH in rental income ? approximately $128,700 in gross annual income. This provides an investor with meaningful cash flow from day one while evaluating the property's longer-term possibilities.The real opportunity lies in the flexibility of the asset. Continue operating the four existing residences as an income-producing investment, explore opportunities to enhance the property's current use, or investigate its future redevelopment potential. The property's configuration and overall potential create a compelling opportunity for investors, developers, builders, and end users looking for a value-add acquisition.Property is being marketed based upon its existing use and potential. Any proposed development, redevelopment, subdivision, change of use, or other improvements are subject to applicable zoning regulations, governmental approvals, and the buyer's independent due diligence. Seller and listing broker make no representations regarding the feasibility or approval of any proposed use.A unique opportunity to acquire FOUR income-producing houses on one property while exploring the possibilities for its next chapter.

Location

State NJ

County Passaic

Rooms

Basement Unfinished

Kitchen Eat-In Kitchen

Interior

Heating Gas-Natural

Cooling Window A/C(s)

Flooring Vinyl-Linoleum, Wood

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Parking Features Detached Garage

Garage Spaces 2.0

Utilities Available Electric, Gas-Natural

Roof Type Asphalt Shingle

Garage Yes

Building

Lot Description Corner, Level Lot, Possible Subdivision

Sewer Public Sewer

Water Public Water

Architectural Style A-Frame, Extra House on Lot, See Remarks

Others

Senior Community No

Ownership Fee Simple


Garden State MLS(GSMLS)
Listed by COLDWELL BANKER REALTY

Nearby Locations

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Katherine Rozzelle

Katherine Rozzelle

Agent License ID: 1972259

+1(908) 718-1189

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1745 -1749Ratzer Rd