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$ 699,000
Est. payment /mo
New
89 BURGESS PL Passaic, NJ 07055
5 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260019393
Style Multi-Level
Bedrooms 5
Full Baths 4
Annual Tax Amount $12,527
Tax Year 2025
Lot Dimensions 25x125
Property Sub-Type 2 Family
Property Description
Exceptional turnkey two-family opportunity offering income, flexibility, and a highly convenient location. Fully renovated in 2021, this well-maintained property features a 2-bedroom first-floor residence with generous living and dining areas, plus a 3-bedroom second-floor residence with a full bath. Separate finished basement and attic spaces, each with legal kitchens and bathrooms, add valuable flexibility for extended living, storage, or other permitted uses. With an impressive current rent roll of $6,900 per month, this property is positioned to appeal to investors seeking dependable cash flow as well as owner-occupants looking to reduce monthly housing expenses through rental income. Ideally located near public transportation, schools, parks, restaurants, and daily conveniences. Paved front yard offers low-maintenance appeal and potential future driveway possibilities with municipal approval. A compelling income-producing asset with room to support both lifestyle and long-term wealth building.
Location
State NJ
County Passaic
Area Passaic
Rooms
Basement Finished, Full
Interior
Heating A/C Window, Baseboard, Hot Water
Cooling A/C Window, Baseboard, Hot Water
Exterior
Exterior Feature Aluminum/Vinyl
Parking Features None
Listed by UNITED REAL ESTATE OF NORTH JERSEY
Will Alfaro
Broker Associate, CEO and Founder of The Property People License ID: REC# 0454178