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Listed by Michael Malady Realty One Group Paramount
$949,000
Est. payment /mo
Under Contract
397 Passaic AVE Lodi, NJ 07644
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Key Details
Property Type Multi-Family, Commercial
Sub Type Res/Com Mixed
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 26004362
Style Res/Com Mixed
Property Sub-Type Res/Com Mixed
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.
Location
State NJ
County Bergen
NEARBY SCHOOL & BUSINESS
Thomas Olsewski
Agent | License ID: PA# RS376466 and NJ# 2561002
+1(570) 526-2800 | tom@discoverpahomes.com