71 Park AvePaterson, NJ 07501

This exceptional multifamily investment property, located at 71-73 Park Avenue in Paterson, New Jersey, presents a compelling opportunity for discerning investors. The building, a four-story structure, comprises twelve units, offering a blend of residential and retail space. Ten apartments provide a strong rental income stream, supplemented by two retail units offering additional revenue potential. The property boasts a compelling 6.96% capitalization rate, based on a Net Operating Income (NOI) of $125,237, and is offered at an attractive asking price of $1,800,000. This translates to a price per unit of $150,000, representing a significant value proposition in the vibrant Paterson market. Situated in Passaic County, with a convenient address in the 07501 zip code, this property benefits from excellent access to local amenities and transportation networks. The strong NOI and attractive cap rate make this a highly desirable investment, promising consistent returns and potential for future appreciation. Detailed financial statements are available upon request. This is a rare opportunity to acquire a well-maintained, income-producing asset in a growing New Jersey market. Don't miss out on this chance to add a high-performing property to your portfolio.