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.
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Zillow last checked:
Listing updated:
Listed by:
Maikol Puebla201-710-0598,
Coldwell Banker, Ridgewood
Source: NJMLS,MLS#: 26028525
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 12
Bathrooms: 4
Full bathrooms: 4
Appliances
Laundry: In Unit
Property
Parking
Total spaces: 6
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Utilities & green energy
Utilities for property: Electricity Connected, Natural Gas Connected, Sep Heat
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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