$999,900
70 Passaic ST Passaic, NJ 07055
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Listed by Matthew Gevirtz • EXP Realty, LLC • (973) 250-9974
$999,900
Est. payment /mo
Active
70 Passaic ST Passaic, NJ 07055
UPDATED:
11/07/2024 02:07 PM
Key Details
Property Type Commercial
Sub Type 5+Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24034625
Style 5+Family
Annual Tax Amount $17,925
Property Description
Welcome to this well-maintained 6-unit multifamily building, an outstanding investment opportunity in a prime location. The property features two units on each of the three floors, with each unit offering 2 bedrooms, 1 bathroom, a living room, and an eat-in kitchen. All units have separate utilities and natural gas heating, making management straightforward. The basement adds value with a shared laundry room and a bonus studio apartment complete with a full bathroom and kitchen.This property is currently generating a total annual rental income of $100,128 and is being offered at a 6% cap rate, with rents currently below market value, providing an excellent opportunity for increased revenue.
Location
State NJ
County Passaic
Area Passaic
Exterior
Utilities Available Gas, Munincipal Water, Sewer
Roof Type Flat
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