84 Auburn StPaterson, NJ 07501

For Sale
$1,400,000

Turnkey, high-end finishes, fully leased.

Overview

Added:
Feb 3
Days on market:
39
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.

Property Details for 84 Auburn St

Property type
Residential income properties, Multifamily properties
Square Feet
4,099 SF
Year Built
2020
Lot Size (sq. ft)
5,227 SF

Location Insight

City
Paterson
County
Passaic
State
New Jersey
Latitude
40.91933
Longitude
-74.16478
84 Auburn St, Paterson, New Jersey

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84 Auburn St
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