84-88 Jefferson St Paterson, NJ 07522
Multifamily property featuring renovated units and income potential.
Source: Keller Williams City Views Realty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Renovated Multifamily Property For Sale
This multifamily property presents an investment opportunity with a current capitalization rate of 8%, with potential to increase to 11%. The property comprises two buildings. The first building contains two two-bedroom units, fully renovated six years ago and equipped with central air conditioning. The second building features three three-bedroom units; two were renovated six years ago, and the first-floor unit was fully renovated last year, including the addition of central air. A coin-operated laundry facility is available for residents. An additional parking lot provides potential for extra income. All units are currently occupied by long-term tenants. A property management company is in place, offering the option for continued management services.
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Paterson
- County
- Passaic
- State
- New Jersey
- Longitude
- -74.1721783
- Latitude
- 40.9264726
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FAQs
What type of property is this?
Apartment building - Multifamily property featuring renovated units and income potential.
Where is this apartment building located?
The property is located at 84-88 Jefferson St Paterson, NJ.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: - High current capitalization rate of 8%, with potential to increase to 11%.; - Two buildings included: one with two 2-bedroom units, and another with three 3-bedroom units.; - Multiple renovated units: two 2-bedroom units and two 3-bedroom units renovated 6 years ago; one 3-bedroom unit renovated last year with central air.