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Listed by Ismail Saleh EXP Realty, LLC
$ 699,900
Est. payment | /mo
6 Baths
$ 699,900
Est. payment | /mo
6 Baths
Key Details
Property Type Multi-Family
Sub Type 2 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25029740
Style 2 Family
Full Baths 6
Property Sub-Type 2 Family
Property Description
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, 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.
Location
State NJ
County Passaic
Interior
Laundry See Remarks
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Thomas Mikalouskas
REALTOR® | Lic# 0235388