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 8% cap rate, with rents currently below market value, providing an excellent opportunity for increased revenue.tenants can also enjoy the backyard, which features a storage shed and a small outdoor space. the building is located in a no-flood zone and offers easy access to major highways and public transportation, making it an attractive option for tenants. this multifamily property is a solid investment with great upside potential.
Property Type
Multi FamilyCounty
PassaicStyle
3-Three StoryAD ID
47462005
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Property Details
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Interior Features
Utilities
- Gas-Natural
Heating & Cooling
- Heating: Baseboard - Hotwater
- Cooling: Window A/C(s)
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Exterior Features
Building Information
- Construction: Brick
- Roof: Flat
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Property / Lot Details
Lot Information
- Lot Dimensions: 25X100
- Lot Size (Acres): 0.06
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Listing Information
Listing Information
- Possession: 0-30
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Taxes / Assessments
Tax Information
- Tax ID: 2507-01019-0000-00005-0000-
- Tax Year: 2023
- Parcel Number: 2507-01019-0000-00005-0000-
- Taxes : 17,925
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Parking Information
- Parking Features: None
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School, Utilities & Location Details
Utility Information
- Gas-Natural
- Water Source : Public Water
- SEWER : Public Sewer
Location Information
- Direction: Head southeast on Main Ave, turn right on Monroe St, left on Passaic St to #70.
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BuyOwner last updated this listing 11/21/2024 @ 12:58
- MLS: 3931518
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: Garden State MLS - New Jersey
is a Multifamily, with 12 bedrooms which is recently sold, it has 0 sqft, 0 sized lot, and 0 parking. A comparable Multifamily, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Passaic , in zip code 07055, this Passaic County Multifamily are nearby neighborhoods.