Active
70 Street
Passaic NJ, 07055
$999,900
Active
Commercial
Listed by Matthew Gevirtz with EXP Realty, LLC 9732509974
Welcome to a well-maintained 6-unit multifamily building, an excellent investment opportunity in a prime location. Each of the two units on three floors features 2 bedrooms, 1 bathroom, a living room, and an eat-in kitchen. All units have separate utilities and natural gas heating for easy management. The basement includes a shared laundry room and a bonus studio apartment with a full bathroom and kitchen. This property currently generates $100,128 annually, offered at a 6% cap rate with rents below market value, presenting significant upside potential. Annual expenses are approximately $6,500 for insurance and $18,000 for property taxes. Tenants enjoy a backyard with a storage shed and easy access to highways and public transport. This multifamily property is a solid investment with great revenue growth potential!
24034623
MLSⓇ ID
October 28, 2024
Listed
December 17, 2024
Updated
Map
70 Street
Passaic NJ, 07055
Interior Features
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Baseboard, Hot Water, Natural Gas
Exterior/Building Features
Architectual Style
Office
Other Property Details
Taxes
$17,925
Tax Frequency
Annually
Garage
No
View
No
County
PASSAIC
Pool
No
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Coldwell BankerRealty are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Last date updated: 12/17/2024
Source: New Jersey Multiple Listing Service, Inc.
©2024 New Jersey Multiple Listing Service, Inc. All rights reserved.