BEDS0
BATHS6
SQUARE FEET4,008
MLS#4016392
STATUS
PROPERTY TYPEMulti Unit - Multiple
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full, Storage
Basement: Yes
Cooling: Window A/C(s)
Fuel Type: Gas-Natural
Heating: Baseboard - Electric
Lot Size: 0.17 Acres
Roof Type: Asphalt Shingle, See Remarks
Stories: 3.0
Taxes: $22,636
Year Built: 1954
Feature Descriptions
Days on Site: 76
Exterior: Concrete, See Remarks, Vinyl Siding, Wood
Location: Residential Area, See Remarks
Lot Dimensions: 0.17 acre(s)
Max Door height: 7
Parking: 1 Car Width, Hard Surface, Off-Street Parking, On-Street Parking
Parking Spaces: 6
Sewer: Public Sewer
Units: 6
Utilities: Electric, Gas-Natural
Water: Public Water
Listed By / Shown By
Listed By
Agency Name: COREY J SCHNEIDER
Agency Contact: 973-472-3909
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 5,156.22 per month $2,891.01 Principal & Interest $1,886.33 Property Tax $378.88 Homeowner's InsuranceChange Payment Information
106 N 8th St | MLS# 4016392
This multi-family property located at 106 N 8th St, Paterson, NJ 07522 is currently listed for sale with an asking price of $1,299,000. Search Paterson real estate on www.realtymark.net today.