$1,400,000
Incredible investment opportunity in Paterson! This fully occupied 6-family property features six spacious units, each offering 3 bedrooms and 2 bathrooms - ideal for steady rental income and tenant retention. Additionally, the fully finished basement includes two bonus units: a 2-bedroom/1-bath and a 3-bedroom/1-bath, adding valuable rental potential. Currently generating… Read More $13,250/month in rental income, with below-market rents and room for strategic updates, this property offers strong value-add upside. The building sits on a 50 x 100 lot and includes a private driveway with four dedicated parking spaces - a key amenity in this area. The structure is well maintained with updated mechanicals, offering peace of mind and reduced long-term maintenance costs. Annual taxes: $16,227.58. Buyers are encouraged to verify zoning with the city regarding the basement units, which could unlock even greater income. Prime location near transit, schools, and amenities. Read Less
Courtesy of REALTY OF AMERICA.
Listing Snapshot
Days Online
91
Last Updated
Property Type
Other
Square Ft.
6,000
Year Built
2021
MLS Number
4003256
30 Days Snapshot Of 07514
$270k
-20%
(avg) sold price
2
+100%
homes sold
172
-28%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Finished, Yes
Building
Built in 2021
Cooling
4+ Units, Geothermal
Exterior Features
Concrete, Vinyl Siding
Floors
Wood
Water Features
Public Water
Heating
Electric, Gas-Natural, Forced Hot Air
Lot
Approximate Lot Size: 5,000
Owner Pays
Water
Property
6,000 sqft building, 6 units
Roof
Flat, Rubberized
Sewer
Public Sewer
Taxes
Annual Tax Amount: $16,227
Tenant Pays
Electric, Heat
Utilities
Gas In Street
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Conrad Martin
Realtor® & Founder

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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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