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$699,900
Est. payment /mo
6 Beds
6 Baths
19,998 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 19,998 sqft
Price per Sqft $34
MLS Listing ID 3981979
Style Duplex-Side by Side, Fixer Upper
Bedrooms 6
Full Baths 6
Year Built 1920
Annual Tax Amount $12,129
Tax Year 2024
Lot Size 5,662 Sqft
Property Description
Attention investors! Don't miss this prime multi-family investment opportunity located in the heart of Passaic. This DUPLEX two-family property at 259-261 Highland Ave is tenant-occupied, providing immediate rental income, with strong upside potential for the right buyer willing to make value-add improvements. Each unit offers 3 bedrooms and 3 bathrooms, spacious layouts, and the property includes a full basement ideal for storage or additional rental possibilities. While the home does require repairs and updates, this is the perfect chance for an investor to unlock significant equity and maximize cash flow through renovations. Conveniently located near public transportation, major highways, schools, and shopping, this property is in a high-demand rental market, making it a solid long-term hold or repositioning opportunity.
Location
State NJ
County Passaic
Rooms
Basement Finished, Full, Walkout
Interior
Heating Gas-Natural
Cooling None
Heat Source Gas-Natural
Exterior
Exterior Feature Aluminum Siding, Brick
Utilities Available Gas-Natural
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Sewer Public Sewer
Water Public Water
Architectural Style Duplex-Side by Side, Fixer Upper
Others
Senior Community No
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Listed by EXP REALTY, LLC
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