166 8th St - Apartments FOR SALE


Passaic, NJ 07055
$1,250,000 USD
201-215-1811
166 8th St, Passaic, NJ for Sale
$1,250,000 USD
Apartments - FOR SALE
1/11
null | 7.05% Cap Rate

166 8th St
Passaic, NJ 07055


HIGHLIGHTS

  • Convenient Location
  • Transit Oriented Location
  • Upside Potential
  • Montclair State University
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment Property located at 166 8th Street in Passaic, New Jersey (“the Property”). The multi-family Property is improved by a three-story brick building and contains six (6) residential units comprised of five (5), 2-Bedroom/1-Bathroom units and one (1), 1-Bedroom/1-Bathroom unit on a 0.06-acre parcel of land. The Property is separately metered for gas-fired heat, gas-fired hot water and electricity, which the tenants pay directly. The Property is located along 8th Street in a densely populated residential neighborhood and enjoys close proximity to Passaic Street and Main Avenue, two of the area’s primary commercial corridors. 166 8th Street is 0.5 miles from the Garfield Train Station (with service on the BERG Line) and 1.7 miles from the Passaic Train Station with direct service to Manhattan’s Penn Station on the MAIN Line. The Property also offers convenient access to NJ Route 21, the Garden State Parkway, US Route 46, and Interstate 80. 166 8th Street is also close to area schools, national and local retailers and restaurants, and St. Mary’s General Hospital. Passaic, New Jersey, is a diverse and vibrant city located in Passaic County, about 9 miles west of New York City.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$500 USD /SF

# OF UNITS

6

PRICE/UNIT

$208,333

CAP RATE

7.05%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

166 8th St

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,483 SF

ZONING

U

APN/PARCEL ID

07-01025-0000-00015

ASK ABOUT THIS PROPERTY

Mike AgrifolioHorvath & TremblayMore Info
201-215-1811

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Mike AgrifolioHorvath & TremblayMore Info
201-215-1811

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