Description
Looking for a lucrative investment that practically manages itself? Your search ends here! Presenting a remarkable 6-unit brick building in the heart of Paterson, NJ, boasting not just one, but SIX parking spaces for added convenience. Don't miss your chance to secure a steady stream of income with this outstanding property. Each unit offers the perfect blend of comfort and functionality, featuring 1 bedroom and 1 bathroom layouts. Say goodbye to high-maintenance properties and hello to hassle-free ownership. Generating a gross operating income of $80,580.00, this investment gem boasts a strong financial foundation. The cap rate of 6.67% ensures a stable and attractive return on your investment. The current tenants are all up-to-date with their rents, showcasing the property's attractiveness and the excellent tenant relationships in place. A harmonious tenant-landlord dynamic means less stress and more peace of mind.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Looking for a lucrative investment that practically manages itself? Your search ends here! Presenting a remarkable 6-unit brick building in the heart of Paterson, NJ, boasting not just one, but SIX parking spaces for added convenience. Don't miss your chance to secure a steady stream of income with this outstanding property. Each unit offers the perfect blend of comfort and functionality, featuring 1 bedroom and 1 bathroom layouts. Say goodbye to high-maintenance properties and hello to hassle-free ownership. Generating a gross operating income of $80,580.00, this investment gem boasts a strong financial foundation. The cap rate of 6.67% ensures a stable and attractive return on your investment. The current tenants are all up-to-date with their rents, showcasing the property's attractiveness and the excellent tenant relationships in place. A harmonious tenant-landlord dynamic means less stress and more peace of mind.
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The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than United Real Estate North Jersey are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. Data last updated: 2023-10-03T10:16:27.47.