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$ 949,000
Est. payment /mo
Open Sat 1PM-3PM
688 Passaic Ave Nutley Twp., NJ 07110
8 Beds
4 Baths
3,920 Sqft Lot
Open House
Sat Sep 13, 1:00pm - 3:00pm
Sun Sep 14, 1:00pm - 3:00pm
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3985523
Style 3-Three Story
Bedrooms 8
Full Baths 4
Year Built 1922
Annual Tax Amount $19,124
Tax Year 2024
Lot Size 3,920 Sqft
Property Description
Welcome to 688 Passaic Avenue, a well-maintained 4-unit income-producing property located in one of New Jersey sought after town and in one of Nutley's most desirable locations. Each spacious unit features two bedrooms and one full bathroom with a comfortable and functional layout, ideal for long-term tenants. The property offers separate utilities for each unit, ensuring easy and efficient management for the owner. Additional highlights include private driveway parking, a full basement with on-site laundry facilities, and ample storage space.This property benefits from a strong rental history and consistent cash flow, making it an excellent opportunity for both seasoned investors and those looking to start or expand their real estate portfolio. Conveniently situated near major highways including Routes 3, 46, 21, and the Garden State Parkway, the location provides easy commuting options. It is also just steps away from a bus stop offering direct service to New York City. Tenants will appreciate the proximity to shopping, dining, parks, and top-rated schools in the area, contributing to high occupancy rates and tenant satisfaction.Whether you choose to keep the property fully leased or live in one unit while renting out the others, 688 Passaic Avenue delivers a perfect balance of stability, income potential, and long-term value in a prime Nutley location.
Location
State NJ
County Essex
Rooms
Basement Unfinished, Walkout
Interior
Heating Gas-Natural
Cooling Wall A/C Unit(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Brick
Utilities Available Gas-Natural
Roof Type Flat
Building
Sewer Public Sewer
Water Public Water
Architectural Style 3-Three Story
Others
Senior Community No
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Listed by SIGNATURE REALTY NJ
