397 Passaic Ave, Lodi, NJ 07644
397 Passaic Ave, Lodi, NJ 07644Basic Details
- Date added: Added 3 weeks ago
- Type: Residential
- Category: For Sale
- Status: Open
Description
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Description:
Eclectic mixed-use brick property offering exceptional income potential with five separate revenue streams, private parking, and a prime layout. A fully rented ground-level convenience store generates $2,000/month, with residential apartments located above the commercial space, including a one-bedroom unit at $1,200/month and a two-bedroom unit at $1,825/month. The property also includes a separate single-family residence producing $1,880/month and two income-producing garages at $150/month. This asset features separately metered utilities, strong upside in rents, and low annual taxes of only $13,770, making it an ideal opportunity for investors or owner-operators seeking stable cash flow with long-term appreciation and value-add potential.
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Property Details
- Source: NJMLS
- MLS Number: 26004362
Amenities & Features
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Exterior
Exterior Features
- Roof: Asphalt
Property Information
- Property Type: Residential Income
- Property Sub Type: Mixed Use
Nearby Schools
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Schools: Roosevelt School
- Public
- PreK-5
- Assigned
- 0.1 miles
Thomas Jefferson Middle School- Public
- 6-8
- Assigned
- 0.2 miles
Lodi High School- Public
- 9-12
- Assigned
- 1.0 miles
Place
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Place: Blackjack Mulligan’s Public House
- Sports Bar
- American Restaurant
- Restaurant
Donnie & Juniors- Dive Bar
- Bowling Alley
The Lounge - Felician College- Cocktail Bar
- Lounge
Grateful Bread- Bakery
- Coffee Shop
- Restaurant
Lodi Mini Mart- Coffee Shop
Sweet Belly 3D/4D Ultrasound Studio- Hospital
MO's Banquet Hall & Events- Concert Hall
- Music Venue
Boys & Girls Clubs of America- Music Venue
Lodi Rec Tee Ball- Stadium
- Recreation Center
Magsstore- Arts and Entertainment
Agent
Michael Malady
Realty One Group Paramount
Location
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