106 N 8Th St, Paterson City, NJ 07522
- $1,090,000
- List Price
- $1,090,000
- Price Change
- ▼ $160,000 1782854646
- MLS#
- 4016392
- Dom
- 132
- Year Built
- 1954
- Status
- ACTIVE
- County
- Passaic
- City
- Paterson City
- Acres
- 0.17
Property Description
Exceptional High-Yield Multifamily Opportunity Less Than 20 Miles from Times Square. Located in a high-demand commuter corridor in Paterson, NJ, is this robust 6 residential-unit income property. Built for operational efficiency and low vacancy, this two-story building features an ideal, uniform asset mix of six spacious 2-bedroom, 1-bath units.Capital expenditure and risk are heavily mitigated by having three units which have already been recently renovated with modern finishes. Which will command top-of-the market rents and secure premium, long-term tenants. A shared driveway leads to approximately 5 private, off-street parking spaces a massive tenant draw that minimizes turnover in this dense urban market. Additionally, the property is equipped with an advanced 22-camera security system, delivering unparalleled remote operational oversight, liability protection, and enhanced tenant safety. Whether expanding a portfolio or executing a 1031 exchange, this asset delivers immediate cash flow, ease of management, and long-term equity growth in a resilient, transit-oriented market. Turnkey infrastructure with strong fundamentals schedule your acquisition tour today.
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Additional Information
- Taxes
- $22,636
- Cooling
- Window A/C(s)
- Exterior
- Concrete, See Remarks, Vinyl Siding, Wood
- Garage Spaces
- 6
- Heating
- Baseboard - Electric
- Roof
- Asphalt Shingle, See Remarks
- Sewer
- Public Sewer
- Water
- Public Water
- Basement
- Yes
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Listing Courtesy Of COREY J SCHNEIDER, Contact: 973-472-3909
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