Passaic City, NJ 07055 4 Market St

GREAT MIXED USE COMMERCIAL PROPERTY FOR SALE WITH OVER 8% CAP RATE IN REDEVELOPMENT ZONE. TAXES ARE VERY LOW AND PROPERTY LOCATED IN REDEVELOPMENT ZONE. BUSY 2200+ SQ FT RESTAURANT/HALL ON FIRST LEVEL AND 2 APARTMENTS ON SECOND LEVEL .EACH APARTMENT HAS 2 BEDROOMS, 1 BATHROOM, LIVING ROOM AND DINING ROOM BOTH RENOVATED LESS THAN 5 YEARS AGO WITH FORCED HOT AIR. BUILDING WAS ENTIRELY RENOVATED LESS THAN 5 YEARS AGO, ROOF, PLUMBING, ELECTRICAL, APARTMENTS, ALL DONE TO CODE. RESTAURANT HAS CENTRAL AIR AND FORCED AIR AND CAN SIT UP O 120 PEOPLE. BIG OPEN BASEMENT THE LENGTH OF THE BUILDING USED BY 1ST FLOOR BUSINESS. ALL SEPERATE UTILITIES FOR ALL 3 APARTMENTS. SECOND FLOOR TENANTS PAYING LOW RENT LEASES UP APRIL AND MAY 2026. RENTS ARE $4800+$1500+ $1600. RESTUARANT ALSO PAYS HALF OF TAXES AND HALF OF THE WATER. 2 BEDROOMS APARTMENT BELOW MRKET VALUE.