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Listed by James N. Malki JMichaels Realty LLC
$2,000,000
Est. payment /mo
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res/Com Mixed
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26018429
Style Res/Com Mixed
Property Sub-Type Res/Com Mixed
Property Description
Portfolio Sale – Value-Add Opportunity in Prime Location. Two adjacent properties offered as a package in a highly desirable neighborhood, presenting a compelling value-add opportunity. Combined, the portfolio consists of 6 apartment units and 3 retail units on approximately 13,300 sq ft of land. (1) 59 Valley Rd: Mixed-use building featuring three retail storefronts on the first floor and one residential unit on the lower level. Current commercial tenants include a dog groomer, salon, and facial studio. The residential unit is a legal 1-bedroom, 1-bath apartment. The property includes 11 on-site parking spaces, plus additional land behind the parking lot. Increased parking (on the additional land) may create an opportunity to add residential units above the retail, subject to local zoning and ordinance requirements. Variance may be required. Approximately 3,800 SF building situated on a 7,500 SF lot. Electric and gas are separately metered (4 each). (2) 63 Valley Rd: Multifamily building consisting of five units: four large one-bedroom apartments and one studio, each with a full bathroom. Includes 10 on-site parking spaces. Approximately 4,600 SF building on a 5,800 SF lot. Electric and gas are separately metered (5 each), plus an additional electric meter for common areas.
Location
State NJ
County Passaic
Others
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