3 Spruce Street Passaic City, NJ 07055

$404,900
3
Beds
1
Baths
0.04
Acres
$404,900
3
Beds
1
Baths
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active
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Investor Alert! Income-Producing Colonial with Long-Term Tenant in Place! This well-kept three-bedroom colonial is a turnkey investment opportunity, currently rented to a long-time tenant who treats the property like their own and generates a solid $26,160 in annual income. The lease runs through October 31, 2025, with an option to renew, offering stability and immediate returns. The driveway is accessed through Harrison St to the rear of the house. The driveway is accessed through Harrison St to rear of house. The home features a large fenced backyard, perfect for future enhancements, and an unfinished basement brimming with potential. Located near major employment centers and mass transportation, this property is ideally situated for continued rental success. Whether you're expanding your portfolio or seeking a low-maintenance asset, this is a smart, income-generating addition ready for its next owner.

Investor Alert! Income-Producing Colonial with Long-Term Tenant in Place! This well-kept three-bedroom colonial is a turnkey investment opportunity, currently rented to a long-time tenant who treats the property like their own and generates a solid $26,160 in annual income. The lease runs through October 31, 2025, with an option to renew, offering stability and immediate returns. The driveway is accessed through Harrison St to the rear of the house. The driveway is accessed through Harrison St to rear of house. The home features a large fenced backyard, perfect for future enhancements, and an unfinished basement brimming with potential. Located near major employment centers and mass transportation, this property is ideally situated for continued rental success. Whether you're expanding your portfolio or seeking a low-maintenance asset, this is a smart, income-generating addition ready for its next owner.

  • Neighborhood
  • Type
  • Total Baths
  • County
    Passaic
  • Tax Amount
    $6,963
  • Status
    Active
  • Listing #
    3977779
  • Built
    1900
  • Lot Size
    0.04
  • Listed on site
    6 days

Listed by:
American Realty Services Group

Source:
Garden State MLS

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Property details

Property Features

  • Sewer
  • Public Water

Exterior features

  • No Pool
  • Basement

Interior Features

  • Basement Unfinished
  • Basement Walk Out

Style

  • Colonial
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