127 Parker Ave , Passaic City, Passaic 07055-7115
- $1,400,000
- 3792 Sqft
127 Parker Ave , Passaic City, Passaic 07055-7115
- $1,400,000
Description
Fully occupied and recently updated, this 6-unit commercial apartment building delivers immediate cash flow with room for growth. Featuring five spacious 2-bedroom units and one 1-bedroom unit, plus six basement storage units for additional rental income, this property is designed for strong returns. Five of the six apartments have been renovated, attracting quality tenants and reducing maintenance costs. Located in the heart of Passaic with easy access to Route 21, Route 3, I-80, and NYC, the property sits in a high-demand rental market with minimal vacancy. Tenants enjoy proximity to major retailers like Home Depot, grocery stores, dining, public transportation, and essential services. With a current 6.7% cap rate and bonus income potential from storage rentals, opportunities like this are rare in today’s market. Act quickly ” this income-producing asset will move fast.
Address
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Address: 127 Parker Ave
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City: Passaic City
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State/county: Passaic
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Zip/Postal Code: 07055-7115
Details
Updated on November 28, 2025 at 10:47 am-
Property ID HZ3980553
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Price $1,400,000
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Property Size 3792 Sqft
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Land Area 0.07 Acres
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Garage Size x x
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Year Built 1900
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Property Status Active
Additional details
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Roof Flat
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Utilities Electric, Gas In Street
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Sewer Public Sewer
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Cooling No Cool
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Heating Radiant - Electric, Radiators - Hot Water
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County Passaic
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Property Type Apartment Complex
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Down Payment
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Loan Amount
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Property Tax
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Home Insurance
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PMI
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Contact Information
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