70 Passaic ST, Passaic, NJ 07055
70 Passaic ST, Passaic, NJ 07055
70 Passaic ST, Passaic, NJ 07055
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$999,900
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70 Passaic ST Passaic, NJ 07055

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Jonathan Greene

Jonathan Greene

+1(973) 873-0734

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5+Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 24034625

Style 5+Family

Annual Tax Amount $17,925

Property Sub-Type 5+Family

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

New Jersey (NJMLS-RETS)
Listed by EXP Realty, LLC

NEARBY SCHOOL & BUSINESS

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Jonathan Greene

Jonathan Greene

Broker of Record | License ID: 1433604

+1(973) 873-0734

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