Property
Paterson, NJ 07501 62-64 Lafayette Street # 7
$1,435,000
23 more
Presented By: Mordy Abelesz with EXP Realty, LLC - 866-201-6210
Home Details
Income producing 7 unit corner property located at 62-64 Lafayette Street in Paterson, set on an oversized 50x100 lot with on site parking. This fully detached three story building offers a strong unit mix of one and three bedroom apartments, appealing to a wide range of tenants. All units have been renovated in recent years, providing solid in place income with minimal immediate capital needs. Tenants pay their own utilities, helping maintain efficient operating expenses. Currently delivering over an 9% cap rate with additional upside potential, this property presents a strong investment opportunity. Conveniently located near public transportation, shopping, schools and much more!
Presented By: Mordy Abelesz with EXP Realty, LLC - 866-201-6210
Interior Features for 62-64 Lafayette Street # 7
Other Interior Features
Heating Y/NNo
General for 62-64 Lafayette Street # 7
CityPaterson
CoolingCentral Air, Gas
CountyPASSAIC
HOANo
HeatingCentral, Natural Gas
Lease Considered Y/NNo
OwnershipPrivate
Property Sub Type AdditionalOther
Property SubtypeOffice
Property TypeCommercial Sale/Lease
RoomsNone
Standard StatusActive
StatusActive - Active
Tax Annual Amount16047.0
Unit Number7
UtilitiesSep Gas
Waterfront FeaturesNone
Additional Details
Price History
Godfred Appiah
Associate