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6 Units | With Parking & Advertising 962 Main Ave 6 Unit Apartment Building $2,214,560 CAD ($369,093 CAD/Unit) 6.80% Cap Rate Passaic, NJ 07055
Investment Highlights
- Mixed-Use Property featuring 5 Residential Units and 1 Commercial Space
- Triple Net Lease Structure
- Side-Building Banner Advertising Opportunity for Additional Revenue
- Three Stories with Strong Income Potential
- 3 On-Site Parking Spaces
Executive Summary
This well-positioned three-story mixed-use property consists of five residential units and one commercial space, creating a balanced investment with multiple income streams. The asset benefits from a triple net lease structure, helping to minimize landlord responsibilities while supporting stable cash flow. Three on-site parking spaces provide added convenience for tenants, while a prominent side-building banner offers an additional advertising opportunity that can generate supplemental revenue. With its functional layout, diversified tenancy, and built-in income potential, this property presents an attractive opportunity for investors seeking a reliable mixed-use asset with long-term upside. 100% Leased.
Rent Roll:
Retail: $2,500/month
Apt 1: $1,900
Apt 2: $1,705
Apt 3: $1,750
Apt 4: $1,570
Apt 5: $1,975
Billboard: $350/month over 5 years
2,500+1,900+1,705+1,750+1,570+1,975+350=11,750x 12 =$141,000
Rent Roll:
Retail: $2,500/month
Apt 1: $1,900
Apt 2: $1,705
Apt 3: $1,750
Apt 4: $1,570
Apt 5: $1,975
Billboard: $350/month over 5 years
2,500+1,900+1,705+1,750+1,570+1,975+350=11,750x 12 =$141,000
Data Room Click Here to Access
- Operating and Financials
Property Facts
Exceptionally walkable
100/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 07-04103-0000-00017 | Improvements Assessment | $311,875 CAD |
| Land Assessment | $250,273 CAD | Total Assessment | $562,148 CAD |
Property Taxes
Parcel Number
07-04103-0000-00017
Land Assessment
$250,273 CAD
Improvements Assessment
$311,875 CAD
Total Assessment
$562,148 CAD
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6 Units | With Parking & Advertising | 962 Main Ave
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