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274 Oak St

Passaic City, NJ 07055
  • $2,700,000
  • STATUS: Active Under Contract
  • ON SITE: 130 Days
  • MLS #: 3809564
Under Contract
UPDATED: 64 min ago
$2,700,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 12,000
    SQFT
  • $225
    $/SQFT
Type:
Commercial
Built:
1920
County:
Area:

School Ratings & Info

Description

This Turn Key Ready Investment is Located in Passaic, NJ. This Well Maintained Income Producing Property Features 15 Residential Apartments and 1 Commercial Space. Units Come with Recent DCA Certificates of Inspection (9/14/2022 & 9/29/2020). Tenants Pay Own Utilities other than Water & Sewer. All Rent are under Market Value with Excellent Opportunity to Increase The Cap Rate. Property is located within walking distance to Mass Transportation, Shops, Restaurants, Schools, Parks, and Houses of Worship. Quick Access to Rt 20, Rt 21, Rt 3, Rt 46 and Garden State Parkway.

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Garden State MLS logo © 2023 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than eXp Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-02-04T12:46:47.633.
www.williamhagangroup.com/homes/133429533
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274 Oak St Passaic City, NJ 07055

  • Price: $2,700,000
  • Status: Active Under Contract
  • On Site: 130 Days
  • Updated: 64 min ago
  • MLS #: 3809564
0
Beds
0
Baths
0
½ Baths
0.09
Acres
12,000
SQFT
$225
$/SQFT
1920
Built
County:
Passaic
Area:
Passaic City
Property Description
This Turn Key Ready Investment is Located in Passaic, NJ. This Well Maintained Income Producing Property Features 15 Residential Apartments and 1 Commercial Space. Units Come with Recent DCA Certificates of Inspection (9/14/2022 & 9/29/2020). Tenants Pay Own Utilities other than Water & Sewer. All Rent are under Market Value with Excellent Opportunity to Increase The Cap Rate. Property is located within walking distance to Mass Transportation, Shops, Restaurants, Schools, Parks, and Houses of Worship. Quick Access to Rt 20, Rt 21, Rt 3, Rt 46 and Garden State Parkway.
Exterior Features

Approximate Lot Size 50X160 Both Units Available Parking Spaces 0 Construction Brick/Block Exterior Description Brick/Block Location Residential AreaSee Remarks Lot Description Level Lot Number Of Bays 0 Number Of Docks 0 Parking Driveway Description None Roof Description Flat

Interior Features

Basement Yes Basement Description FullUnfinished Cooling Window A/C(S) Equipment Available Fire AlarmSmoke Detector Floors CarpetingLaminateVinyl-LinoleumWood Heating See Remarks Max Ceiling Height 0 Max Door Height 0 Number Of Doors 0 Number Of Lavatories 16 Office Sq Ft 0

Property Features

Building Number 2 DEPStatus See Remarks Expenses Include ElectricityInsuranceTaxesWater/Sewer For Sale Or Lease For Sale Fuel Type Gas-Natural Gross Operating Income 216600 Net Operating Income 171970 Owner Pays SewerWater Permitted Use Class 4C Primary Property Type See Remarks Property Type Apartment ComplexMixed UseSee Remarks Sale Includes Building Only Sewer Public Available Suite Number 0 Tax Amount 26868 Tax Rate Amount 3.760 Tax Rate Year 2021 Tax Year 2021 Tenant Pays ElectricHeat Total Operating Expense 44629 Utilities Gas In Street Utilities Paid By Tenant Water Public Water Year Built Description Approximate Zoning R-3

Listing information © 2023 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 973-246-7040.


Garden State MLS logo © 2023 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than eXp Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-02-04T12:46:47.633.
 
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eXp Realty
910 1st Ave
Asbury Park NJ, 07712