2 Railroad Ave

Wanaque Boro, NJ
$ 1,185,000 Beds 35 Baths 9 Sq 7,200
Monthly Estimate* How much can I afford?

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.

Multi-Family

  • Price
  • $ 1,185,000
  • Lot Size
  • 0.41 Acres
  • Bedrooms
  • 35
  • Sqr Footage
  • 7,200
  • Full Bathrooms
  • 8
  • Year Built
  • 1906
  • Half Bathrooms
  • 2
  • City, Zip
  • Wanaque Boro
  • Taxes
  • 22093
  • County
  • PASSAIC
  • Style
  • 3-Three Story
  • Area
  • Wanaque Boro
  • MLS#
  • 3675809
  • Zip
  • 07465
Listing Provided by: COLDWELL BANKER REALTY

Features

General

Architectural Style 3-Three Story
Building # 2
Cooling None
Drive Additional Parking, None, Parking Lot-Exclusive
Exterior Features Open Porch(es)
Garage None
Heating 4 Units
Interior Features Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
Open Parking Spaces 24
Roof Asphalt Shingle
Sewer Public Sewer
Tax Annual Amount 22093
Total Units 4
Town # 2513
Township Wanaque Boro
Utilities Electric, Gas-Natural
Water Heater Gas
Zoning 4A

Interior Features

Basement Unfinished
Fuel Type Gas-Natural
Unit 1 Appl/equip Carbon Monoxide Detector, Dishwasher, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit 1 Baths Total 1.2
Unit 1 Beds Total 4
Unit 1 Handicap Modified No
Unit 1 Levels 1
Unit 1 Room Description Bedrooms, Eat-In Kitchen, Living Room, See Remarks
Unit 1 Rooms 6
Unit 1 Sq Ft 1200
Unit 2 Appl/equip Carbon Monoxide Detector, Range/Oven - Electric, Refrigerator, Smoke Detector
Unit 2 Baths Total 2.0
Unit 2 Beds Total 4
Unit 2 Handicap Modified No
Unit 2 Levels 1
Unit 2 Room Description Bedrooms, Eat-In Kitchen, Living Room
Unit 2 Rooms 6
Unit 2 Sq Ft 1200
Unit 3 Appl/equip Carbon Monoxide Detector, Dishwasher, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit 3 Baths Total 1.0
Unit 3 Beds Total 2
Unit 3 Handicap Modified No
Unit 3 Levels 2
Unit 3 Room Description Bedrooms, Dining Room, Kitchen, Living Room
Unit 3 Rooms 5
Unit 3 Sq Ft 1400
Unit 4 Appl/equip Carbon Monoxide Detector, Smoke Detector
Unit 4 Baths Total 4.0
Unit 4 Beds Total 25
Unit 4 Handicap Modified No
Unit 4 Levels 2
Unit 4 Room Description Bedrooms
Unit 4 Rooms 25
Unittype1totalrent 1730
Unittype2totalrent 1740
Unittype3totalrent 1300

Exterior Features

Building Area Total 7200
Exterior Description Brick
Lot Dimensions 70x202
Lot Features Level Lot, Open Lot
Water Source Public Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Morristown, NJ office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Haskell Elementary School
Middle School Wanaque Middle School
High School Lakeland High School

Price History

11/2/2020 Listed $1,185,000

Property vs Zip Code Average in 07465

Price
AVG $790K
$1.19M
Taxes
AVG $15,338
$22,093
Visits
AVG 60
111
Year Built
AVG 1903
1906
Walkscore
AVG 40
40
Data Provided by Walkscore ® not using MLS data

Map

2 Railroad Ave Wanaque Boro, NJ is a Single Family Home for sale at $1185000 with 7200 sqft and a lot size of 0.41 Acres Acre(s). 2 Railroad Ave Wanaque Boro has 35 bedrooms, 8 baths and was built in 1906. The property's zip code is 07465 which is in Wanaque Boro, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.