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.
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 6
- Exterior Type: Vinyl Siding
- Exterior Type: Concrete
- Exterior Type: See Remarks
- Floors: 3
- Heating System: Baseboard
- Heating System: Electric (Heating)
- MLSID: 4016392
- Parking Spaces: 6
- Roof Type: Asphalt
- Roof Type: See Remarks
- Roof Type: Shingle
- Rooms: Basement