Michael Properties
Listed by Michael Properties
$1,350,000
35 Columbia Ave
Details
Property Type Multifamily
Units 8
Beds 6
Cap Rate 6.00%
NOI $81,616
Occupancy 100%
Tenancy Multi
Rent Bumps Yes
Year Built 2018
Lot Size (SqFt) 1,860
Zoning R3
Investment Type Stabilized
Multifamily | 6+% CAP | 8 Units I 8 yr old building
Marketing description
Income producing multifamily property located at 35 Columbia Ave, Passaic, NJ. Built in 2018, this 8-unit building features 1 one-bedroom unit and 5 two-bedroom units. The property generates $112,500 in gross annual income with a net operating income of $81,616 and offers an approx 6% cap rate. Zoned R3 on a 30x62 lot.
Listing Contacts
Michael Properties
Listed by Michael Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$81,616.00
$6,801.33/mo
Valuation Metrics
0
DSCR
6.05%
Cap Rate
6.05%
ROI
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