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6 Units | With Parking & Advertising 962 Main Ave 6 Unit Apartment Building $1,600,000 ($266,667/Unit) 6.80% 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.
Rent Roll:
Retail: $2,500/month
Apt 1: $1,900
Apt 2: $1,705
Apt 3: $1,750
Apt 4: $1,570
Apt 5: $1,975
Billboard: $350/month over 5 years
2,500+1,900+1,705+1,750+1,570+1,975+350=11,750x 12 =$141,000
Rent Roll:
Retail: $2,500/month
Apt 1: $1,900
Apt 2: $1,705
Apt 3: $1,750
Apt 4: $1,570
Apt 5: $1,975
Billboard: $350/month over 5 years
2,500+1,900+1,705+1,750+1,570+1,975+350=11,750x 12 =$141,000
Data Room Click Here to Access
- Operating and Financials
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer Hookup
- Refrigerator
- Oven
- Carpet
- Pantry
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Storage Space
- Smoke Detector
Exceptionally walkable
90/100
Fairly drivable
50/100
Good public transit
60/100
Fairly bikeable
50/100
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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6 Units | With Parking & Advertising | 962 Main Ave
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