Beschrijving
70 Passaic St,
Passaic,
NJ
07055
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.
This is an Pending listing.
Broker Office Phone Number: 866-201-6210
Copyright © 2024Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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© 2022 CityHomes.com
Listing By: EXP REALTY, LLC via Data Source: Garden State MLS, LLC
Multi-familie
Soort onroerend goed
Prijsgeschiedenis
date | price | variance | type |
---|
11/12/2024 | $999,900 | - | Contract |
10/28/2024 | $999,900 | 23.08 % | afgenomen |
9/16/2024 | $1,299,900 | - | Vermeld |
listing agent: MATTHEW GEVIRTZ