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Stabilized Triple Net Mixed-Use Asset 6 Units 962 Main Ave 6 Unit Apartment Building $1,600,000 ($266,667/Unit) 7.03% Cap Rate Passaic, NJ 07055
Investment Highlights
- Mixed-Use Property featuring 5 Residential Units and 1 Commercial Space
- Triple Net Lease Structure
- Side-Building Banner Advertising Opportunity for Additional Revenue
- Three Stories with Strong Income Potential
- 3 On-Site Parking Spaces
Executive Summary
This well-positioned three-story mixed-use property consists of five residential units and one commercial space, creating a balanced investment with multiple income streams. The asset benefits from a triple net lease structure, helping to minimize landlord responsibilities while supporting stable cash flow. Three on-site parking spaces provide added convenience for tenants, while a prominent side-building banner offers an additional advertising opportunity that can generate supplemental revenue. With its functional layout, diversified tenancy, and built-in income potential, this property presents an attractive opportunity for investors seeking a reliable mixed-use asset with long-term upside. 100% Leased.
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- Operating and Financials
Property Facts
Walk Score®
Very Walkable (89)
Property Taxes
| Parcel Number | 07-04103-0000-00017 | Improvements Assessment | $225,800 |
| Land Assessment | $181,200 | Total Assessment | $407,000 |
Property Taxes
Parcel Number
07-04103-0000-00017
Land Assessment
$181,200
Improvements Assessment
$225,800
Total Assessment
$407,000
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Stabilized Triple Net Mixed-Use Asset 6 Units | 962 Main Ave
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