Amy Callum - Coldwell Banker Hearthside
205 Harrison St
Paterson City, NJ 07501

Description

Fully occupied investment prop opportunity offering 4-BD/5-BD unit mix w/ separately metered electric/gas/heat/hw utilities. Income performance at 9.53% Going-In Cap Rate & +19% Cash-on-Cash return. Capital improvements/interior renovations completed Year 2018; roof replacement, gas-fired boilers, flooring, kitchens and baths. Investment opportunity ideal for long-term Buy/Hold investors and potential owner-occupants w/ move-in date flexibility. Property is available for sale individually or as part of stabilized/income producing 4-building Paterson-based multifamily portfolio - refer to MLS 3463950, 3463944, 3463939.

Details

MLS#3463933
Sub-TypeResale
StatusActive
Year1950
Days On Site154

Features

Units2
Building(s)1

Additional Information

Annual Tax Amount6502
Assesed Tax Valuation156300
Tax ID4.160
Tax Rate2017
Tax Rate Year2017

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Area Information

StateNJ
CountyPassaic
CityPaterson City
Zip Code07501
AreaPassaic
Listing VS Median (in 07501)
Price:
$240,000
low | high
Med:
$187,450
71.895833333333% of Average
On Site:
154
low | high
Med:
46.5
100% of Average
Listing Updated: 09/23/2018
MLS Number: 3463933
Listing Provided By:
WASHINGTON PAUL E.  of  COLDWELL BANKER REALTORS