Property
Paterson, NJ 07501 197-199 12th Avenue
$3,695,000
20 more
Presented By: Gershon Adjaye with Keller Williams Team Realty - 973-253-2800
Home Details
New Construction! Fully Occupied! All Utilities Separated...including gas, electric, & water! AND A RARE...a 30-Year Tax Abatement!!! Newly constructed Dec 2024, this 10-unit multifamily consists of (4) 2B/1B units + (6) 1B/1B units, complemented with (15) parking spaces. This property is being offered fully occupied , at a strong 6.52% cap rate. All units are finished in a modern aesthetic, with stainless steel appliances, and washer & dryers in every unit. Contact for a fully video walkthrough tough, of the exterior, garage, interior common areas, & units. This is a great income producing, turn key property, with minimal maintenance. Full video tour of each unit available upon request & registration.
Presented By: Gershon Adjaye with Keller Williams Team Realty - 973-253-2800
Interior Features for 197-199 12th Avenue
Other Interior Features
Heating Y/NNo
General for 197-199 12th Avenue
CityPaterson
CountyPASSAIC
HOANo
Lease Considered Y/NNo
ModificationTimestamp2025-08-28T13:38:23+00:00
Property Type5+ Mixed Use
RoofPeaked
RoomsNone
Standard StatusActive
StatusActive - Active
Taxes$4,107
Year Built DetailsNew Const-New Fdn
Additional Details
Price History
Charles Torres
Owner