48
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$2,000,000
Est. payment /mo
7,405 Sqft Lot
Active
59-63 Valley Rd Clifton City, NJ 07013
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Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4029350
Year Built 1930
Annual Tax Amount $13,655
Tax Year 2025
Lot Size 7,405 Sqft
Property Sub-Type Mixed Use
Property Description
Portfolio Sale " Value-Add Opportunity in Prime Location. Two adjacent properties offered as a package in a highly desirable neighborhood, presenting a compelling value-add opportunity. Combined, the portfolio consists of 6 apartment units and 3 retail units on approximately 13,300 sq ft of land. (1) 59 Valley Rd: Mixed-use building featuring three retail storefronts on the first floor and one residential unit on the lower level. Current commercial tenants include a dog groomer, salon, and facial studio. The residential unit is a legal 1-bedroom, 1-bath apartment. The property includes 11 on-site parking spaces, plus additional land behind the parking lot. Increased parking (on the additional land) may create an opportunity to add residential units above the retail, subject to local zoning and ordinance requirements. Variance may be required. Approximately 3,800 SF building situated on a 7,500 SF lot. Electric and gas are separately metered (4 each). (2) 63 Valley Rd: Multifamily building consisting of five units: four large one-bedroom apartments and one studio, each with a full bathroom. Includes 10 on-site parking spaces. Approximately 4,600 SF building on a 5,800 SF lot. Electric and gas are separately metered (5 each), plus an additional electric meter for common areas.
Location
State NJ
County Passaic
Zoning Residential
Rooms
Basement Unfinished
Interior
Heating Gas-Natural
Cooling Ductless Split AC, Window A/C(s)
Equipment See Remarks
Heat Source Gas-Natural
Exterior
Exterior Feature See Remarks
Utilities Available See Remarks
Roof Type See Remarks
Building
Story 3
Sewer See Remarks
Water See Remarks
Others
Ownership Fee Simple
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Listed by J. MICHAELS REALTY, ORADELL
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