(8) Unit Multi-family in Passaic For Sale Listing Details & Market Data

Passaic is a city in Passaic County, in the U.S. state of New Jersey. As of the 2020 United States census, the city was the state's 16th-most-populous municipality, with a population of 70,537, an increase of 756 (+1.1%) from the 2010 census count of 69,781 which in turn reflected increase of 1,920 residents (+2.8%) from the 2000 census population of 67,861. The Census Bureau's Population Estimates Program calculated that the city's population was 69,633 in 2021,[10][12] ranking the city the 541st-most-populous in the country. Among cities with more than 50,000 people, Passaic was the fifth-most-densely-populated municipality in the United States, with more than 22,000 people per square mile. Located north of Newark on the Passaic River, it was first settled in 1678 by Dutch traders, as Acquackanonk Township. The city and river get their name from the Lenape word "pahsayèk" which has been variously attributed to mean "valley" or "place where the land splits."KW Commercial and The Elia Realty Group present an exciting new opportunity to own this (8) unit multi-family in the heart of suburban Passaic. There are 4 - 1 Bedroom, 1 Bathroom Units and 4 - 2 Bedrooms, 1 Bathroom Units offering two layouts, one larger and one smaller. The building is in great condition and has been well-maintained. Recent upgrades include a new roof, newer boiler, and newer hot water heater. The recently renovated hallways are bright and airy thanks to skylights. The basement is large and clean, with ample space for storage and the potential to add a laundry room to generate additional income. Additionally, residents can enjoy the buildings outdoor common areas, perfect for hosting social gatherings or just relaxing after a long day. Located in the heart of the urban area, this property is just steps away from all the best shopping, dining, and entertainment options the city has to offer. With excellent public transportation options nearby, residents can easily explore everything the city has to offer. Don't miss out on this amazing opportunity to own a stunning 8 unit multi-family building in one of the most sought-after locations in the city. Contact us today to schedule a viewing and experience urban living at its finest!