90 Passaic St, Garfield, New Jersey
90 Passaic St, Garfield, New Jersey 07026 - Located in a Commercial zone only 250' to the train station. 4 units-mixed use: Office and 3 units with 8 parking spaces. 4 separate gas hot water baseboard heating systems and separate gas & electric meter. Seller obtained new State Multiple Dwelling Housing Inspection ('Green Card').Great location, 100% occupancy approx. 6.5% cap rate! Full basement 1st fl office w/central air $1100 & 1 apt 1 bedroom $1000 2nd fl has two-2 bedroom apartments $1,150 & $1,150. Taxes $9,207 Ins $2850 Sewer $350 Water $750 Fire Alarm Financial Summary 2017 Apprx Operating Expenses $13,750 Apprx Gross Income $52,800 Apprx Net Operating Income $39,050. 46 x 100 irregular lot. Not is a flood zone.
Listing Courtesy of Coccia Realty Better Homes & Gardens-Rutherford