100 Passaic St - Apartments FOR SALE


Passaic, NJ 07055
$2,300,000 USD
917-902-7605
100 Passaic St, Passaic, NJ for Sale
$2,300,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

100 Passaic St
Passaic, NJ 07055


HIGHLIGHTS

  • Area has many brand new multifamily construction projects
  • Perfect for an entity seeking affordable housing
  • Conveniently located close to public transportation and shopping

OVERVIEW

The subject property contains 32 Single Room Occupancy units plus one Retail space. The residential units were formerly covered by a Sec. 8 Moderate Rehabilitation Single Room Occupancy Program for Homeless Individuals. The property is currently vacant. This investment is an excellent opportunity for the following buyers - An agency that needs housing for individuals on a short term or long term basis . This could be for homeless individuals, victims of domestic violence, disaster victims, veterans or seniors that need affordable housing. Developers that partner with these type of agencies or with charitable organizations. Entities seeking affordable housing for their area residents SRO seasoned operators that have a steady stream of tenants that are looking for single room occupancy units Multifamily owners seeking to repurpose the property

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$225 USD /SF

# OF UNITS

32

PRICE/UNIT

$71,875

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

R-3

APN/PARCEL ID

07-01017-0000-00033

ASK ABOUT THIS PROPERTY

Elliot SchechterPalisade PartnersMore Info
917-902-7605

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Elliot SchechterPalisade PartnersMore Info
917-902-7605

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.