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91 Royal Ave

Hawthorne Boro, NJ 07506
  • $1,985,000
  • STATUS: Active Under Contract
  • ON SITE: 19 Days
  • MLS #: 3844754
Under Contract
UPDATED: 73 min ago
$1,985,000
  • 0
    BEDS
  • 0.41
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1960
County:

School Ratings & Info

Description

This is a package deal. 91 Royal Ave and 231 Diamond Bridge Ave (MLS # 3817873) and are being SOLD TOGETHER for the price of $1,985,000. SELLER FINANCING AVAILABLE. This is a unique opportunity to own 2 buildings in the center of Hawthorne. Great return on investment with potential to increase rents. Explore the possibility of redeveloping, or take advantage of its current set-up: Building 1 - 235 Diamond Bridge Avenue - Martial Arts training studio and modern fitness facility with 3 adjacent 1 Bedroom apartments, all updated and occupied. Building 2 - 91 Royal Ave - Restaurant with 75 + seating downstairs, upstairs 4 renovated and completely occupied apartments: Two-2 bedroom units, Two-1 bedroom units.

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Garden State MLS logo © 2023 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The Michele Klug Team | Keller Williams Towne Square Realty. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than The Michele Klug Team | Keller Williams Towne Square Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-06-07T23:46:44.11.
www.micheleklug.com/homes/139726673
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91 Royal Ave Hawthorne Boro, NJ 07506

  • Price: $1,985,000
  • Status: Active Under Contract
  • On Site: 19 Days
  • Updated: 73 min ago
  • MLS #: 3844754
0
Beds
0
Baths
0
½ Baths
0.41
Acres
1960
Built
County:
Passaic
Area:
Hawthorne Boro
Property Description
This is a package deal. 91 Royal Ave and 231 Diamond Bridge Ave (MLS # 3817873) and are being SOLD TOGETHER for the price of $1,985,000. SELLER FINANCING AVAILABLE. This is a unique opportunity to own 2 buildings in the center of Hawthorne. Great return on investment with potential to increase rents. Explore the possibility of redeveloping, or take advantage of its current set-up: Building 1 - 235 Diamond Bridge Avenue - Martial Arts training studio and modern fitness facility with 3 adjacent 1 Bedroom apartments, all updated and occupied. Building 2 - 91 Royal Ave - Restaurant with 75 + seating downstairs, upstairs 4 renovated and completely occupied apartments: Two-2 bedroom units, Two-1 bedroom units.
Exterior Features

Approximate Lot Size 45XIRR Construction Brick/Block Exterior Description Brick/Block Location Business DistrictResidential Area Lot Description Level Lot Number Of Bays 0 Number Of Docks 0 Parking Driveway Description BlacktopOn-Street ParkingParking Lot-Shared Roof Description Flat

Interior Features

Basement Yes Basement Description Finished-Partially Cooling 4+ UnitsCentral Air Equipment Available Restrooms - PrivateSee Remarks Heating 4+ UnitsForced Hot AirMulti-Zone Max Ceiling Height 0 Max Door Height 0 Number Of Lavatories 7 Office Sq Ft 0

Property Features

For Sale Or Lease For Sale Fuel Type Gas-Natural Gross Operating Income 229200 Net Operating Income 154800 Primary Property Type Mixeduse Property Type Mixed UseOffice/ApartmentsRestaurant Sale Includes Building & LandSee Remarks Sewer Public Sewer Suite Number 0 Tax Amount 19452 Tax Rate Amount 2.892 Tax Rate Year 2021 Tax Year 2021 Total Operating Expense 74400 Utilities ElectricGas-Natural Water Public Water Year Built Description Approximate Zoning B1

Listing information © 2023 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 973-532-5727.


Garden State MLS logo © 2023 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The Michele Klug Team | Keller Williams Towne Square Realty. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than The Michele Klug Team | Keller Williams Towne Square Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-06-07T23:46:44.11.
 
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