252-254 Park Ave Paterson, NJ 07501

This exceptional multifamily investment property, located at 252-254 Park Avenue in Paterson, New Jersey (Passaic County, zip code 07501), presents a compelling opportunity for discerning investors. The property is a well-maintained apartment building boasting a strong 7.47% capitalization rate and a current Net Operating Income (NOI) of $96,472. Currently operating at 100% occupancy, this asset offers immediate cash flow and significant potential for future growth. The asking price for this lucrative investment is $1,291,000. The building's prime location in Paterson, New Jersey provides convenient access to local amenities, transportation, and a thriving community. This multifamily property is an ideal addition to any portfolio seeking stable returns and long-term appreciation. Detailed financial information is available upon request. Serious inquiries only. The property is situated at 40.914923596245735 latitude and -74.15534626054853 longitude.