Online Auction: Multi-Family Building 191 Summer St, Passaic, NJ

191summer Frontnew Main

U.S. Treasury Real Estate

Online Bidding Only

Dec. 17, 2021

11:00 am – 1:00 pm ET

 

 

 

 

 

Property Location

191 Summer Street, Passaic, New Jersey 07055
Map

Multi-Family Building in Passaic, NJ

2,690 ± sq. ft. building with 3 residential units, unfinished basement and patio. Two units have 3 bedrooms and 1 bath. 1st Floor has 2 bedrooms and 1 bath.

How to Register
Create an Account

New bidders ONLY

Go to Login and sign up for an account with your contact and credit card details. We validate your credit card with a temporary charge of US $1.

Register for Auction

(allow 24 hours for approval)

Go to Upcoming Auctions and click on register to bid for each specific auction you wish to bid. Note: Your registration will remain pending until your deposit arrives in our office.

Submit Deposit

Bid Deposit: $25,000

Complete the Bid Deposit Form with bid deposit of $25,000 in the form of a cashier’s check payable to CWS Marketing Group. Deposit is due by Dec 16, 2021 at 5PM ET.

Property Description

MULTI-FAMILY BUILDING  Occupied multi-family building with 3 units, 895 ± sq. ft. basement, and patios. The 1st floor unit has 2 bedrooms, 1 bath, kitchen, and living room. The 2nd and 3rd floor units each have 3 bedrooms, 1 bath, kitchen, and living room. Note: Sold with tenants and leases in place. Rental income totals $4,950 a month. Prospective buyers will be able to access the exterior and common/mechanical areas only. A 3D scan of the 3 units can be viewed online. Per the stated Terms of Sale, this property is sold AS IS WHERE IS WITH ALL FAULTS including any building violations for the property as a whole that may apply (including but not limited to fines and penalties).

Living Space: 2,690 ± sq. ft.
Site Area: 6,266 ± sq. ft.
Year Built: 1900
Parcel No: 07-02185-0000-00051
3D Tour: View virtual tour
Floor Plan: View floor plan

Utilities: Electricity, Gas, Water, Sewer
Zoning: R-2/Multi-Family Residential 3 Family
2021 Passaic Taxes: $12,287.68 ±
Starting Bid: $130,000
Lease Agreement: Unit 2
Lease Agreement: Unit 3
Sale #: 22-66-112

Inspection

Monday, December 6 and 13 by appointment only.
Attendees are responsible to provide and wear their own Personal Protection Equipment (PPE).  PPE will not be provided.

Map

This map was derived from Google Maps. CWS doesn’t accept any responsibility for accuracy.

Questions about the sale/property: Email us at realproperty@cwsams.com or call 703 273-7373.

Technical assistance: Contact us at service@cwsmarketing.com with any technical questions about the online bidding process.

It’s the Buyer’s responsibility to understand & comply with the complete Terms & Conditions of the sale.

Friday, December 17, 2021
11:00 am – 1:00 pm ET

$25,000 Cashier’s check made payable to CWS Marketing Group, Inc
Download the Bid Deposit Form and mail with your deposit to qualify to bid.

Closing will be held within 45 calendar days of the date the Government signs the sales contract.

CWSAMS has made every reasonable effort to facilitate online bidding. However, it is possible that technical problems and transmission issues may arise and affect the CWSAMS website, bidding system and/or computer or server or your computer, personal device or software which is beyond the control of CWSAMS. By bidding online Bidder acknowledges that CWSAMS is not responsible for technical problems or transmission issues associated with a bid and that, in the event technical problems interfere with or prevent a bid, it may be necessary to withdraw items from bidding due to technical errors or uncontrollable circumstances.   Further, in the event of the occurrence of a technical problem during any bid in any auction, CWSAMS in its sole discretion reserves the right to declare an item sold, postpone or cancel the auction, extend the bidding time for this auction and/or re-list the property for auction at another date and time. The decision of CWSAMS on this matter shall be final. Bidder acknowledges that, by bidding in any auction held by CWSAMS, Bidder accepts the terms and conditions of this Disclaimer.

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