84 Auburn St Paterson, NJ 07501
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.