109 10th St - Apartments FOR SALE


Passaic, NJ 07055
$1,425,000 USD
347-744-4141
109 10th St, Passaic, NJ for Sale
$1,425,000 USD
Apartments - FOR SALE
1/36
null | 7.34% Cap Rate

109 10th St
Passaic, NJ 07055


OVERVIEW

Excellent investment opportunity in the growing city of Passaic, NJ. This fully renovated (2021) 6-unit residential building offers strong cash flow with an attractive 7.3% cap rate. Each unit features two spacious bedrooms and one bathroom, making it highly desirable to renters in this high-demand market. The property has been updated with modern finishes and systems, providing a turnkey solution for investors seeking reliable income with minimal maintenance concerns. The building also includes a partially finished basement that offers additional storage or potential for added amenities, along with a detached one-car garage. Located in a thriving and convenient area of Passaic City, tenants enjoy easy access to public transportation, shopping, schools, and local employers. With limited multifamily inventory in the area and growing rental demand, this asset presents a rare chance to own a stabilized, income-producing property in a rapidly developing market. Ideal for both seasoned investors and those entering the multifamily space, this is a well-maintained, cash-flowing building with long-term upside.

FOR SALE DETAILS

PRICE

$1,425,000 USD

PRICE/SF

$238 USD /SF

# OF UNITS

6

PRICE/UNIT

$237,500

CAP RATE

7.34%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,500 SF

ZONING

R3

APN/PARCEL ID

07-01024-0000-00034

ASK ABOUT THIS PROPERTY

Paula CardenasSignature Realty NJ LLCMore Info
347-744-4141

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Paula CardenasSignature Realty NJ LLCMore Info
347-744-4141

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