Passaic Multifamily for Sale - Route 3/GSP
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