220 Passaic AVE Coming Soon Save Request In-Person Tour Request Virtual Tour
Belleville,NJ 07109
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 5,700 sqft
Price per Sqft $403
MLS Listing ID 2515647R
Year Built 1928
Annual Tax Amount $20,169
Tax Year 2024
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 0.00 x 0.00
Property Sub-Type Commercial
Source CJMLS API
Property Description
This is an outstanding investment opportunity in the heart of Belleville! 220 Passaic Avenue is a six-unit multifamily property, fully leased, located on a high-visibility corner lot and in a high-demand rental market. This 5,700 sqf building sits on a 5,484 sqf lot and features a desirable mix unit of two 2-bedroom units and four 1-bedroom units. The property was comprehensively renovated approximately two years ago, with updated interiors, modern finishes, and security system. Each unit includes in-unit laundry and private storage, offering comfort and convenience for tenants. Additional upgrades include a full building-wide fire alarm system and a comprehensive security camera system covering hallways and exterior areas. Tenants benefit from 9 assigned parking spaces and access to a fully finished basement that adds functional space and long-term potential. The property is 100% occupied, delivering reliable income, strong tenant retention, and low vacancy rate. Located near Route 21, the Garden State Parkway, and NJ Transit. Just minutes from Newark, Bloomfield. This asset is also within short distance of shopping, schools, and a public park. This is a rare chance to acquire a fully stabilized, recently upgraded multifamily asset in a sought-after Essex County submarket.
Location
State NJ
County Essex
Zoning Residential
Interior
Heating Zoned,Forced Air
Cooling Central Air,Ceiling Fan(s)
Flooring Concrete,Tile,Wood
Heat Source Natural Gas
Exterior
Utilities Available Electricity Connected,Natural Gas Connected,Separate Utilities
Roof Type See Remarks
Total Parking Spaces 9
Building
Lot Description Corner Lot
Story 3
Sewer Public Sewer
Water Public
Others
Senior Community no
Tax ID 0200435000000002
Energy Description Natural Gas