PRICE IS PER LOT - BUILD UP TO 9 LARGE DUPLEX STYLE 2 FAMILY HOMES ON OVERSIZED LOTS. SELLER WOULD SELL 1 SIDE OF THE STREET OR THE OTHER SEPARATELY. 1.67 TOTAL ACRES. 2 SEPARATE SECTIONS OF PROPERTY ACROSS FROM EACH OTHER WOULD HAVE TO BE SUBDIVIDED AND EACH LOT IS $250K. BLOCK 1104 LOT 21 IS 1.06 ACRES 400 X 128 (APPROX) ON THAT PROPERTY RIGHT NOW IS: 2 FAMILY HOUSE (1700/MO TOTAL RENT INCOME), 4 GARAGES $450/MO IN RENTAL INCOME, 1 OFFICE W/ WAREHOUSE & PARKING LOT RENTED FOR $1600.
SAME SIDE OF STREET ACCROSS THE BROOK IS AUTO BODY SHOP $1500/MO (M/M LEASE) AND VACANT LOT AT THE END. ACROSS THE STREET BLOCK 1104 LOT 18 IS A VACANT .61 ACRE 203 X 130 LOT THAT IS HALF RENTED $1000/MO. BOTH SECTIONS COULD BE CONTINUED TO BE USED AS THEY ARE NOW BUT PROPERTY HAS BEEN ZONED FOR 2 FAMILY R18 RESIDENTIAL USE. WOULD NEED A VARIANCE TO DO ANY COMMERCIAL BUILDING OR COMMERCIAL CHANGES ON EITHER SECTION. OWNER HAS PLANS FOR UP TO 9 OVERSIZED 2 FAM. LOTS.
Located at 389 E 54th St, Elmwood Park, NJ 07407, this is a Vacant Land.
The list price for 389 E 54th St, Elmwood Park, NJ 07407 is $250,000. The property was most recently listed for sale on 04/24/2012 and has been on RealtyTrac for 422 days. The estimated monthly mortgage payments for 389 E 54th St Elmwood Park 07407 would be $960 for a 30-year fixed mortgage based on an interest rate of 4.04% and a down payment of $50,000.
Sales History for 389 E 54th St, Elmwood Park, NJ 07407
Similar homes to 389 E 54th St sold for an average sales price of $334,063.
Nearby Trends for 389 E 54th St, Elmwood Park, NJ 07407
8 recent real estate sales were recorded in Elmwood Park where the home for sale 389 E 54th St is located. The average sales price of recently sold properties in Elmwood Park is $334,063, or $167 per square foot. 389 E 54th St, Elmwood Park, NJ 07407 is in Bergen County, where 745 recent real estate sales were recorded. The average sales price in Bergen County is $467,431, or $242 per square foot. In Bergen County where 389 E 54th St, Elmwood Park, New Jersey 07407 is located, the average list price is $561,527. Foreclosures had an average sales price $339,192 in Bergen County and $176,256 nationwide.