NJ > Passaic
Passaic, NJ 07055,127 Parker AVE
Passaic, NJ 07055,127 Parker AVE
Passaic, NJ 07055,127 Parker AVE
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Listed by Jason Pierce Prominent Properties Sotheby's International Realty-Tenafly
$1,400,000
Est. payment /mo
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Active Attorney Review

127 Parker AVE Passaic, NJ 07055

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Chris Fleming

Chris Fleming

+1(908) 283-0602

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Key Details

Property Type Multi-Family

Sub Type 5+Family

Listing Status Active Attorney Review

Purchase Type For Sale

MLS Listing ID 25028212

Style 5+Family

Property Sub-Type 5+Family

Property 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.

Location

State NJ

County Passaic

New Jersey MLS (NJMLS)

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Chris Fleming

Chris Fleming

NJ - Sales Assoicate | License ID: 2298483

+1(908) 283-0602

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