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$ 950,000
Est. payment /mo
New
4 Market St Passaic City, NJ 07055
2,613 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3997158
Year Built 1930
Annual Tax Amount $8,604
Tax Year 2024
Lot Size 2,613 Sqft
Property Sub-Type Mixed Use
Property Description
GREAT MIXED USE COMMERCIAL PROPERTY FOR SALE WITH OVER 8% CAP RATE IN REDEVELOPMENT ZONE. TAXES ARE VERY LOW AND PROPERTY LOCATED IN REDEVELOPMENT ZONE. BUSY 2200+ SQ FT RESTAURANT/HALL ON FIRST LEVEL AND 2 APARTMENTS ON SECOND LEVEL .EACH APARTMENT HAS 2 BEDROOMS, 1 BATHROOM, LIVING ROOM AND DINING ROOM BOTH RENOVATED LESS THAN 5 YEARS AGO WITH FORCED HOT AIR. BUILDING WAS ENTIRELY RENOVATED LESS THAN 5 YEARS AGO, ROOF, PLUMBING, ELECTRICAL, APARTMENTS, ALL DONE TO CODE. RESTAURANT HAS CENTRAL AIR AND FORCED AIR AND CAN SIT UP O 120 PEOPLE. BIG OPEN BASEMENT THE LENGTH OF THE BUILDING USED BY 1ST FLOOR BUSINESS. ALL SEPERATE UTILITIES FOR ALL 3 APARTMENTS. SECOND FLOOR TENANTS PAYING LOW RENT LEASES UP APRIL AND MAY 2026. RENTS ARE $4800+$1500+ $1600. RESTUARANT ALSO PAYS HALF OF TAXES AND HALF OF THE WATER. 2 BEDROOMS APARTMENT BELOW MRKET VALUE.
Location
State NJ
County Passaic
Zoning MSRA
Rooms
Basement Full, Unfinished
Interior
Heating Gas-Natural
Cooling Window A/C(s)
Equipment Appliances, Fire Alarm, See Remarks, Smoke Detector
Heat Source Gas-Natural
Exterior
Exterior Feature Brick/Block
Utilities Available Gas-Natural
Roof Type Flat
Building
Story 2
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by HOWARD HANNA RAND REALTY