BEDS0
BATHS
MLS#26004362
STATUSUnder Contract
PROPERTY TYPEMulti Unit - Multiple
Property Description
Eclectic mixed-use brick property offering exceptional income potential with five separate revenue streams, private parking, and a prime layout. A fully rented ground-level convenience store generates $2,000/month, with residential apartments located above the commercial space, including a one-bedroom unit at $1,200/month and a two-bedroom unit at $1,825/month. The property also includes a separate single-family residence producing $1,880/month and two income-producing garages at $150/month. This asset features separately metered utilities, strong upside in rents, and low annual taxes of only $13,770, making it an ideal opportunity for investors or owner-operators seeking stable cash flow with long-term appreciation and value-add potential.
Property Features
Property Type: Multi Unit - Multiple
Roof Type: Asphalt, Flat
Taxes: $13,770
Feature Descriptions
Days on Site: 138
Owner Pays: Common Area
Property Utilities: Munincipal WATER, Sewer
Listed By / Shown By
Listing By
Agency Name: Realty One Group Paramount
Agency Phone: 201-347-3255
Shown By
Agent Name: Kevin Joyce, Principal, Mortgage Loan Officer NMLS 304807
Agent Phone:
Agency Title: Joyce Realty
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Estimated Payment
$ 3,536.35 per month $2,112.06 Principal & Interest $1,147.50 Property Tax $276.79 Homeowner's Insurance
397 Passaic Avenue | MLS# 26004362
This multi-family property located at 397 Passaic Avenue, Lodi, NJ 07644 is currently listed for sale with an asking price of $949,000. Search Lodi real estate on kqsm.joycerealty.com today.