Attention investors! Don't miss this prime multi-family investment opportunity located in the heart of Passaic. This DUPLEX two-family property at 259-261 Highland Ave is tenant-occupied, providing immediate rental income, with strong upside potential for the right buyer willing to make value-add improvements. Each unit offers 3 bedrooms and 3 bathrooms,… Read More spacious layouts, and the property includes a full basement ideal for storage or additional rental possibilities. While the home does require repairs and updates, this is the perfect chance for an investor to unlock significant equity and maximize cash flow through renovations. Conveniently located near public transportation, major highways, schools, and shopping, this property is in a high-demand rental market, making it a solid long-term hold or repositioning opportunity. Read Less
Courtesy of EXP REALTY, LLC.
Listing Snapshot
Days Online
53
Last Updated
Property Type
Other
Beds
6
Lot Size
0.13 Acres
Year Built
1920
MLS Number
3981979
30 Days Snapshot Of 07055
$545k
-11%
(avg) sold price
6
0%
homes sold
76
+24%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Finished, Full, Walkout, Yes
Building
Built in 1920
Cooling
None
Exterior Features
Aluminum Siding, Brick
Water Features
Public Water
Heating
Gas-Natural, 2 Units, Baseboard - Hotwater
Lot
Approximate Lot Size: 50X115, 0.13 acres, Level Lot
Parking
On-Street Parking
Property
2 units, FHA Age Restricted: No
Roof
Asphalt Shingle
Sewer
Public Sewer
Taxes
Annual Tax Amount: $12,129, Tax Rate: 4.123
Unit One
3 bedrooms, 3 bathrooms, 9,999 sqft, Handicap Accessibility: No, Range/Oven - Gas
Unit Two
3 bedrooms, 3 bathrooms, 9,999 sqft, Handicap Accessibility: No, Range/Oven - Gas
Utilities
Gas-Natural
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All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. GSMLS Data provided via Home Junction, Inc.
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