84 Auburn St Paterson, NJ 07501
- Apartment buildings
- 4,099 SF
- 0.12 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 84 Auburn St
- Year built
- 2020
- Lot size
- 0.12 lot acres
- Property size
- 4,099 SF
- Property type
- Apartment buildings
Description
This exceptional 6-unit apartment building, constructed in 2020, presents a remarkable investment opportunity in Paterson, NJ. Situated on a 0.12-acre lot, the property boasts a total of 4,099 square feet and is currently fully leased, generating immediate passive income. Each of the six units is a modern one-bedroom, one-bathroom apartment featuring high-end finishes. Luxury vinyl plank flooring, quartz countertops, and stainless steel appliances are standard throughout. In-unit laundry adds to the convenience for tenants. Individual HVAC systems and tankless instant hot water heaters provide efficient climate and hot water control for each unit. The building's superior construction includes Anderson 400 casement crank windows, double-insulated walls for enhanced soundproofing, and a comprehensive security camera system. Further enhancing comfort and safety are a building-wide sprinkler system and split air conditioning systems in the hallways. The original owner invested significantly in high-quality materials and construction, resulting in a property that is both attractive to tenants and exceptionally well-maintained. This turnkey investment offers a rare opportunity to acquire a fully leased, high-return property with minimal immediate operational needs. Priced at $1,400,000.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Paterson
- County
- Passaic
- State
- New Jersey
- Longitude
- -74.1648
- Latitude
- 40.9193
