USANJPassaic127 Parker Ave
127 Parker Ave, Condo with 0 bedrooms, 6 bathrooms and null parking in Passaic NJ | Image 1
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$1,400,000

127 Parker Ave, Passaic, NJ

Condo

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $8,509
Days Active 1
Approx. Age 1900
MLS® Number 3980553

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Fully occupied and recently updated, this 6-unit commercial apartment building delivers immediate cash flow with room for growth. Featuring five spacious 2-bedroom units and one 1-bedroom unit, plus six basement storage units for additional rental income, this property is designed for strong returns. Five of the six apartments have been renovated, attracting quality tenants and reducing maintenance costs. Located in the heart of Passaic with easy access to Route 21, Route 3, I-80, and NYC, the property sits in a high-demand rental market with minimal vacancy. Tenants enjoy proximity to major retailers like Home Depot, grocery stores, dining, public transportation, and essential services. With a current 6.7% cap rate and bonus income potential from storage rentals, opportunities like this are rare in today's market. Act quickly " this income-producing asset will move fast.Show Description
MLS® Number3980553
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1900
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatHeat Source: Gas-Natural, Heating Type: Radiant - Electric, Radiators - Hot Water
A/CNo Cool
Heating Fuel

Extras

Building Only

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