70 Passaic Street
Passaic, NJ 07055
#24034625
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.
Construction Details
- Property TypePurchase
- Style5+Family
- Substyle5-25
Condition
- Year Built1900-1939
Community and Neighborhood Details
- CountyPASSAIC
Financial Details
- Taxes Annual$17,925
Other
- MLS #24034625
Location
Legal
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 Stephen Campos 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: 01/09/2023
2023 New Jersey Multiple Listing Service, Inc. All rights reserved.
Last Updated: . Source: NJMLS
Listing Courtesy
Listing Agent: Matthew Gevirtz (#1014312), Phone: (973) 250-9974
Listing Office: EXP Realty, LLC (#2847)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
