274-276 Oak St | Passaic, NJ 07055
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- LoopNet Team
274-276 Oak St
Passaic, NJ 07055
Oak Street Complex · Multifamily Property For Sale
·
16 Units
INVESTMENT HIGHLIGHTS
- Excellent Income Producing Property, Featuring 3 Buildings with 15 Apartments and 1 Commercial Space
- Recent DCA Certificates of Inspection 09/2022 & 09/2020
- All Separate Utilities
- Features 15 Apartments of 2 Bedrooms Each with 1 Commercial Space currently used as a Grocery Store
- All Collected Rents Are Below Market Value, Ensuring Growth and Higher Cap Rate
- Low Taxes - Centrally Located
PROPERTY FACTS
| No. Units | 16 | Lot Size | 0.18 AC |
| Property Type | Multifamily | Building Size | 12,000 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built | 1922 |
| Zoning | R-3 - R-3 Class 4A | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 12,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1922 |
| Zoning | R-3 - R-3 Class 4A |
AMENITIES
UNIT AMENITIES
- Air Conditioning
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 11 | $1,150 | 420 - 580 |
| 8+4 | 4 | $1,055 | 420 - 580 |
PROPERTY TAXES
| Parcel Number | 07-02173-0000-00030 | Improvements Assessment | $406,900 |
| Land Assessment | $60,000 | Total Assessment | $466,900 |
PROPERTY TAXES
Parcel Number
07-02173-0000-00030
Land Assessment
$60,000
Improvements Assessment
$406,900
Total Assessment
$466,900
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