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Multifamily

Ninth Street Apartments

196 9th St, Passaic, NJ 07055

Listing Price: $1,050,000

Cap Rate
6.25%
Number of Units
6
GRM
10.03
Occupancy
100.0%
Price/Unit
$175,000
Price/Gross SF
$150.00
Gross SF
7,000

Investment Overview

INTEREST OFFERED
Fee simple interest in: 196 Ninth Street, Passaic, NJ

TERMS OF SALE
The subject property is being offered free and clear of debt for $1,050,000.

PROPERTY TOURS
Prospective purchasers are encouraged to schedule a guided virtual tour with the Marcus & Millichap listing agents. In-person tours will be scheduled on selected dates after prospective purchasers have submitted Proof of Funds and an initial non-binding Letter of Intent. At no time shall the tenants, management or staff be contacted without prior approval.

OFFER PROTOCOL
A non-binding Letter of Intent is required prior to scheduling in-person tours. Offers will be evaluated based on:
• Price
• Deposit Amount and Terms
• Equity Source
• Debt -if applicable, specify the terms underwritten and if offer is contingent on financing
• Timing -due diligence and estimated closing date

Buyers are encouraged to visit the Due Diligence available on Marcus & Millichap website in order to reduce contingencies and time needed to close the transaction.

Investment Highlights

  • Recently Renovated - 2021
  • Tenants Pay Own Heat/Hot Water & Electric
  • 5/6 Units Decontrolled

Exclusively Listed By

Multifamily

Ninth Street Apartments

Listing Price: $1,050,000

Cap Rate
6.25%
Number of Units
6
GRM
10.03
Occupancy
100.0%
Price/Unit
$175,000
Price/Gross SF
$150.00
Gross SF
7,000

Investment Highlights

  • Recently Renovated - 2021
  • Tenants Pay Own Heat/Hot Water & Electric
  • 5/6 Units Decontrolled

Investment Overview

INTEREST OFFERED Fee simple interest in: 196 Ninth Street, Passaic, NJ TERMS OF SALE The subject property is being offered free and clear of debt for $1,050,000. PROPERTY TOURS Prospective purchasers are encouraged to schedule a guided virtual tour with the Marcus & Millichap listing agents. In-person tours will be scheduled on selected dates after prospective purchasers have submitted Proof of Funds and an initial non-binding Letter of Intent. At no time shall the tenants, management or staff be contacted without prior approval. OFFER PROTOCOL A non-binding Letter of Intent is required prior to scheduling in-person tours. Offers will be evaluated based on: • Price • Deposit Amount and Terms • Equity Source • Debt -if applicable, specify the terms underwritten and if offer is contingent on financing • Timing -due diligence and estimated closing date Buyers are encouraged to visit the Due Diligence available on Marcus & Millichap website in order to reduce contingencies and time needed to close the transaction.

Exclusively Listed By

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