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100 Passaic St
Passaic, NJ 07055
Multifamily Property For Sale
·
32 Units
Investment Highlights
- Area has many brand new multifamily construction projects
- Conveniently located close to public transportation and shopping
- Perfect for an entity seeking affordable housing
Executive Summary
The subject property contains 32 Single Room Occupancy units plus one Retail space. The residential units were formerly covered by a Sec. 8 Moderate Rehabilitation Single Room Occupancy Program for Homeless Individuals. The property is currently vacant.
This investment is an excellent opportunity for the following buyers -
An agency that needs housing for individuals on a short term or long term basis . This could be for homeless individuals, victims of domestic violence, disaster victims, veterans or seniors that need affordable housing.
Developers that partner with these type of agencies or with charitable organizations.
Entities seeking affordable housing for their area residents
SRO seasoned operators that have a steady stream of tenants that are looking for single room occupancy units
Multifamily owners seeking to repurpose the property
This investment is an excellent opportunity for the following buyers -
An agency that needs housing for individuals on a short term or long term basis . This could be for homeless individuals, victims of domestic violence, disaster victims, veterans or seniors that need affordable housing.
Developers that partner with these type of agencies or with charitable organizations.
Entities seeking affordable housing for their area residents
SRO seasoned operators that have a steady stream of tenants that are looking for single room occupancy units
Multifamily owners seeking to repurpose the property
Property Facts
Amenities
Unit Amenities
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 32 | - | - |
Property Taxes
| Parcel Number | 07-01017-0000-00033 | Improvements Assessment | $953,940 CAD |
| Land Assessment | $58,620 CAD | Total Assessment | $1,012,560 CAD |
Property Taxes
Parcel Number
07-01017-0000-00033
Land Assessment
$58,620 CAD
Improvements Assessment
$953,940 CAD
Total Assessment
$1,012,560 CAD
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