21 Florida Ave Paterson, NJ 07503

This exceptional investment property, located at 21-27 Florida Avenue in Paterson, New Jersey, presents a compelling opportunity for discerning investors. The property is listed at $4,980,000 and offers significant potential for strong returns. While the precise square footage is not currently available, the substantial lot size of zero acres indicates a compact, potentially high-density development. The property is classified as "Other," suggesting a unique configuration that may include a mix of residential units or a combination of residential and commercial spaces. Given the price point and location in Paterson, NJ, this property is likely to attract significant interest from investors seeking a foothold in a growing market. Further due diligence is recommended to fully assess the property's potential, including a thorough inspection of the building's condition, a review of any existing leases or occupancy agreements, and a comprehensive market analysis to determine the optimal rental strategy. The absence of detailed square footage information underscores the need for a thorough on-site assessment to determine the precise number of units and their individual sizes. This property represents a unique opportunity for an investor seeking a high-value asset in a dynamic urban setting. Interested parties are encouraged to conduct their own independent investigation to verify all aspects of the property and its potential. The information provided is for informational purposes only and should not be considered a substitute for professional advice.