Attention Investors ... Rarely do you find a profitable, turnkey State Licensed Rooming House for sale. Wonderful opportunity to own this 9-Room facility along with a separate apartment that has a separate entrance. Both the building and business sold together. Walking distance to downtown Hackensack and public transportation. Two car garage. Cap Rate approx. 6.91%. There is much room to improve the Cap Rate as many of the rentals are below market value and some cosmetic updates would go a long way, even though the house is in Maintained well and in good working order. Newer gas Furnace. Please go to Associated Docs for Income and Expense Sheet along with a property survey.
Hackensack is located in New Jersey. Hackensack, New Jersey has a population of 45,723. Hackensack is less family-centric than the surrounding county with 24.58% of the households containing married families with children. The county average for households married with children is 35.18%.
The median household income in Hackensack, New Jersey is $73,716. The median household income for the surrounding county is $109,497 compared to the national median of $69,021. The median age of people living in Hackensack is 39.7 years.
The average high temperature in July is 85.2 degrees, with an average low temperature in January of 25.5 degrees. The average rainfall is approximately 47.1 inches per year, with 25.6 inches of snow per year.