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Listed by Maikol Puebla Coldwell Banker, Ridgewood
$999,500
Est. payment /mo
12 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26028525
Style 4 Family
Bedrooms 12
Full Baths 4
Property Sub-Type 4 Family
Property Description
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 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.
Location
State NJ
County Passaic
Interior
Laundry In Unit
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REX Exceptional Client Care
Brokerage Support License ID: [see below]
Brokerage Support License ID: [see below]