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Passaic Portfolio 2 Multifamily Properties Offered at $7,350,000 in Passaic, NJ
Investment Highlights
- 29 fully renovated units
- There is on site parking for 16 cars
- Potential redevelopment opportunity
- Tenants pay for their own heat usage
- Fully occupied properties
- Centrally located next to Route 21 entrance ramp
Executive Summary
The portfolio consists of 39 residential units, 1 store, and a large double-sided billboard in Passaic NJ. The tenants pay for their own heat and electric usage and there is on-site parking for 16 cars. 29 units have been fully renovated. The buildings have large upside due to below market rents.
Property Facts
| Price | $7,350,000 | Number of Properties | 2 |
| Price / SF | $262.97 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 27,950 SF |
| Status | Active | Total Land Area | 0.33 AC |
| Price | $7,350,000 |
| Price / SF | $262.97 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 27,950 SF |
| Total Land Area | 0.33 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 60-62 Dayton Ave, Passaic, NJ 07055 | Multifamily | 14,950 SF | 1975 | - |
| 52 Dayton Ave, Passaic, NJ 07055 | Multifamily | 13,000 SF | 1900 | - |
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Passaic Portfolio
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