Homes for sale - 109 10th St, Passaic City, NJ 07055

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Lisa Turek

lturek@njlre.com +1(917) 825-6470

$ 1,425,000

Est. payment | -/mo

6,000 SqFt

Save

$ 1,425,000

Est. payment | -/mo

Save

6,000 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,000 sqft

Price per Sqft $237

MLS Listing ID 3970163

Year Built 1950

Annual Tax Amount $11,280

Tax Year 2024

Lot Size 2,613 Sqft

Property Description

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 8% 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.

Location

State NJ

County Passaic

Zoning R3

Rooms

Basement Bilco-Style Door, Finished-Partially, Full, Walkout

Interior

Heating Electric, Gas-Natural

Cooling 4+ Units

Flooring Tile, Vinyl-Linoleum, Wood

Equipment Appliances, Fixtures, Smoke Detector

Heat Source Electric, Gas-Natural

Exterior

Exterior Feature Brick/Block, Vinyl Siding

Utilities Available Electric, Gas-Natural

Roof Type Flat

Building

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Listed by SIGNATURE REALTY NJ

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(917) 825-6470

lturek@njlre.com

109 10th St Passaic City, NJ 07055