EXCEPTIONAL INVESTMENT OPPORTUNITY!!! This well-maintained, solid brick 6-unit apartment building features six spacious 2-bedroom apartments and offers an attractive 7.5% cap rate, making it an excellent addition to any investment portfolio. Situated on a desirable corner lot in one of Passaic's most sought-after neighborhoods, the property is conveniently located near major highways, shopping, restaurants, schools, public transportation, and other everyday amenities, ensuring strong tenant demand. As an added bonus, the seller is also offering the neighboring property at 37 Krueger Place for sale, with preference given to buyers interested in purchasing both properties as a package, creating a rare opportunity to acquire two adjacent income-producing assets.
| MLS # | 4043179 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Under Contract |
| Year | 1900 |
| Days On Site | 51 |
| Listing Provided By | NEW AND MODERN GROUP | FERNANDA GABRI SILVA |
| Basement | Y |
|---|---|
| Story(s) | 3 |
| Units | 6 |
| Zoning | Residential |
| Property | 16606 |
|---|
| State | NJ |
|---|---|
| County | Passaic |
| City | Passaic City |
| Zip Code | 07055 |
| Area | Passaic |
| Listing VS Median (in 07055) | |
Price: $1,199,000 low | high Med: $61,550 On site: 51 low | high Med: 109.5 | |
| State | NJ |
|---|---|
| County | Passaic |
| City | Passaic City |
| Zip Code | 07055 |
| Area | Passaic |
| Listing VS Median (in 07055) | |
Price: $1,199,000 low | high Med: $61,550 On site: 51 low | high Med: 109.5 | |