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.
7,405.2 Sq Ft Lot Size
multi family
$1,490 Monthly Tax
Built in 1970
MLS/Listing ID 4043571
4 Units
Public Sewer
Public Water
TOTAL MONTHLY COST
$0
$0
$0