$1,199,000
Don't miss this outstanding investment opportunity in a prime Paterson location. This well-maintained four-family property generates nearly $120,000 in annual gross rental income and offers an impressive 7.5% cap rate, making it an excellent addition to any investment portfolio.Each spacious unit offers approximately 1,200 square feet of living space, providing… Read More layouts that attract and retain long-term tenants. The property features separate utilities for all units, helping minimize owner expenses and maximize cash flow.Additional highlights include six off-street parking spaces, a highly desirable amenity for tenants, and a convenient location close to major highways, public transportation, shopping, restaurants, schools, and parks. Read Less
Courtesy of COLDWELL BANKER REALTY.
Listing Snapshot
Days Online
6
Last Updated
Property Type
Other
Beds
12
Square Ft.
4,560
Lot Size
0.17 Acres
Year Built
1970
MLS Number
4043571
30 Days Snapshot Of 07501
$431k
-15%
(avg) sold price
2
+100%
homes sold
81
+6%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Full, Unfinished, Yes
Building
Built in 1970
Cooling
Window A/C(s)
Exterior Features
Vinyl Siding
Water Features
Gas, Public Water
Heating
Gas-Natural, Baseboard - Hotwater
Lot
Approximate Lot Size: 75X98 IRG., 0.17 acres
Parking
6 parking spaces, Blacktop, Driveway-Exclusive
Property
4,560 sqft building, 4 units, FHA Age Restricted: No
Roof
Asphalt Shingle
Sewer
Public Sewer
Taxes
Annual Tax Amount: $17,882, Tax Rate: 5.335
Unit One
1 bathroom, 3 bathrooms, 1,200 sqft, Handicap Accessibility: No, Microwave Oven, Range/Oven - Gas, Refrigerator
Unit Two
1 bathroom, 3 bathrooms, 1,200 sqft, Handicap Accessibility: No, Microwave Oven, Range/Oven - Gas, Refrigerator
Unit Three
1 bathroom, 3 bathrooms, 1,200 sqft, Handicap Accessibility: No, Microwave Oven, Range/Oven - Gas, Refrigerator
Unit Four
1 bathroom, 3 bathrooms, 1,200 sqft, Handicap Accessibility: No, Microwave Oven, Range/Oven - Gas, Refrigerator
Utilities
Gas-Natural
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Chris Cafaro
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Listing Information © Garden State MLS. All Rights Reserved.
All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. GSMLS Data provided via Home Junction, Inc.
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