52-62 Dayton Avenue & 15 Hobart Street
- 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
Property Description
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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $7,350,000 |
| No. of Units: | 40 |
| Opportunity Zone: | No |
| Price per unit: | $183,750 |
| Property Website | Click Here |
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