60-62 Dayton Ave - Apartments FOR SALE


Passaic, NJ 07055
$7,600,000 USD
973-879-1577
60-62 Dayton Ave, Passaic, NJ for Sale
$7,600,000 USD
Apartments - FOR SALE
1/9
null | 5.95% Cap Rate

60-62 Dayton Ave
Passaic, NJ 07055


HIGHLIGHTS

  • Reduced sale price
  • 29 fully renovated units
  • Tenants pay for their own heat usage
  • There is on site parking for 16 cars
  • Fully occupied properties
  • Potential redevelopment opportunity; centrally located next to Route 21 entrance ramp

OVERVIEW

The property consists of two apartment buildings containing 39 residential units, 1 store, and a large double-sided billboard. There is on site parking for 16 cars. 29 units have been fully renovated. The buildings have large upside due to below market rents.

FOR SALE DETAILS

PRICE

$7,600,000 USD

PRICE/SF

$508 USD /SF

# OF UNITS

40

PRICE/UNIT

$190,000

CAP RATE

5.95%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1975

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,000 SF

ZONING

U

APN/PARCEL ID

07-04056-0000-00001

ASK ABOUT THIS PROPERTY

Robert SquiresThe Kislak Company, Inc.More Info
973-879-1577

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Robert SquiresThe Kislak Company, Inc.More Info
973-879-1577

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