Active
70 Street
Passaic NJ, 07055
$999,900
Active
12 Beds
Multi-family
Listed by Matthew Gevirtz with EXP Realty, LLC 9732509974
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.
24034625
MLSⓇ ID
October 28, 2024
Listed
December 17, 2024
Updated
Map
70 Street
Passaic NJ, 07055
Interior Features
Bedrooms
12
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Architectual Style
5+Family
Other Property Details
Taxes
$17,925
Tax Frequency
Annually
Garage
No
View
No
County
PASSAIC
Water Source
Public
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.
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