976 Main Ave, Passaic City NJ 07055-8535

$1,049,999
Active
Passaic City

About this home

Exceptional turn-key mixed-use opportunity offering multiple income streams and excellent versatility for investors and owner-occupants. This substantially renovated property features four income-producing units, plus additional revenue from an on-site billboard. The billboard agreement also includes valuable roof maintenance and repair provisions. The first floor includes approximately 1,100 square feet of flexible office space with multiple rooms and convenient amenities, along with a beautifully renovated studio apartment. The second floor offers an updated one-bedroom apartment and a spacious two-bedroom apartment ready for the new owner's personal improvements and vision. Ideally located on Main Avenue near shopping, dining, public transportation, and everyday conveniences. The unused rear lot presents an exciting opportunity to add parking or explore future expansion possibilities. Live in one unit while generating income from the others, operate your business on-site, or add a versatile mixed-use property with outstanding potential to your investment portfolio. Take advantage of this exceptional income-producing opportunity in a prime commercial location; it won't last long.

Taxes & fees

Annual property tax
$7,800
Tax year
2024
Tax rate
4.123

Property details

Year Built
1947
Roof (*text)
Flat
Floors No
Laminate, Tile, Wood
Lot Size Area
0.07
MLS #
4054081

Features & amenities

Year Built (*numeric)
1947
Basement
Yes
Roofing (*text)
Flat
Days on market
0
Basement (*text)
Yes
Cooling (*text)
1 Unit, Central Air, Window A/C(s)
Heating
4+ Units
Lot dimensions
31X104
Property Location

40.870358669055, -74.134732604289

Geo Lat Long Proximity (field_pro_lat_long)
Units: Miles
Origin Coordinates
Value in decimal degrees. Use dot (.) as decimal separator.
Listing source
GSMLS
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