146-48 Passaic St, Passaic, NJ 07055

This Turn Key Ready Investment Unit is Located in An Up and Coming Area of Passaic, NJ. This Well Maintained Income Producing Property with Adjoining Vacant Lot, Currently Generates Rental Income with 9-10 Parking Spaces. 1st Floor comes with a Commercial Space currently occupied by a Grocery Store which occupies 100% of 1st Fl. 2nd Floor of Property consist of residential space with a State of New Jersey Department of Community Affairs Class A Rooming House License for a total of 4 Units which expires February 28, 2023. Rooming Area Comes with a Communal Bathroom and utilities are included in rent. The 4 Rooming Units of the property are renting below market value. 2nd Floor also has a Recently Renovated 1 Bedroom Apartment providing a higher rent roll. Floors have Separate Utilities. Property is located within walking distance to Mass Transportation, Shops, Restaurants, Schools, Parks, and Houses of Worship. Quick Access to Rt 20, Rt 21, Rt 3, Rt 46 and Garden State Parkway.