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397 Passaic Avenue

Lodi, NJ 07644 · Listing #26004362

$949,000

Under Contract

397 Passaic Avenue — primary photo
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About this home

Beds

Baths

Living area

Type

5+ Mixed Use

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.

Status

Under Contract

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