52-62 Dayton Avenue & 15 Hobart Street, Passaic, NJ for sale

Investment Overview

The portfolio consists of 39 residential units, 1 store, and a large double-sided billboard in Passaic NJ. The tenants pay for their own heat and electric usage and there is on-site parking for 16 cars. 29 units have been fully renovated. The buildings have large upside due to below market rents.

Investment Highlights

• 29 fully renovated units
• Tenants pay for their own heat usage.
• There is on site parking for 16 cars.
• Centrally located next to Route 21 entrance ramp
• Fully occupied properties
• Potential redevelopment opportunity
• EGI: $678,655, NOI: $452,421
• Reduced sale price