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Listed by Fernanda G. Silva New and Modern Group
$1,199,000
Est. payment /mo
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5+Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26027952
Style 5+Family
Property Sub-Type 5+Family
Property Description
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.
Location
State NJ
County Passaic
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