Property
Paterson City, NJ 07514 565-567 E 26Th St
$900,000
Pending
Presented By: COLDWELL BANKER REALTY; 917-589-0515
SQFT • 5,115
Home Details
An excellent addition to any investment portfolio. Side-by-side six-unit apartment complex. Five out of six units currently are leased. Long-term tenants pay below-market rent. Current GOI is $91,200 annually with a ProForma GOI potential of $139,200. Property is NJ DCA compliant.
Presented By: COLDWELL BANKER REALTY; 917-589-0515
Interior Features for 565-567 E 26Th St
Bedrooms
Num 4 Bed Units
Bathrooms
Num Units w/Full Bath6
Num Units w/Half Bath
Half Baths
Other Interior Features
Price Per Sq Ft175.95
Available Sq Ft5115
Num 3 Bdrm Units2
Num 2 Bdrm Units2
Num 1 Bdrm Units2
BasementFull, Unfinished
Fuel TypeGas-Natural
Total Stories2
General for 565-567 E 26Th St
Cap Rate5.27
ConstructionWood
CoolingWindow A/C(s)
CountyPassaic
DirectionsLeft on 12th Avenue, onto E 26th Street
Documents AvailableLeases, Pro Forma
DriveNone, On-Street Parking
EasementUnknown
Equipment AvailableFixtures
Farm AssessmentNo
Garage Spaces
Gross Income91200
HeatingBaseboard - Hotwater
Leasable Area
LocationFreestanding, Residential Area
Net Operating Income47427
Num Apts6
Number Of Units Total6
Operating Expense40489
OwnerPaysMaintenance-Common Area, Repairs, Snow Removal
OwnershipFee Simple
Permitted UseCommunity Business District Use B-2
PossessionImmediate
Property TypeApartment Complex
Property TypeApartment Complex
RoofAsphalt Shingle
SewerPublic Sewer
Standard StatusUnder Contract
StatusUnder Contract
Tax Annual Amount22489
Tax Assessed Value441400
Tax Lot14
Tax Year2024
Tenant PaysCable T.V., Electric, Gas, Heat, Hot Water, Water
Town #2508
TownshipPaterson City
UtilitiesGas-Natural
Utilities Paid ByTenant
Year Built9999
ZoningB-2
Exterior for 565-567 E 26Th St
Building Area Total5115
Exterior DescriptionSee Remarks
Lot Dimensions50X100
Lot FeaturesLevel Lot
Lot Size Acres0.11
Max Ceiling Height0
Max Door Height0
Number of Bays0
Number of Docks0
Total Parking0
Water SourcePublic Water
Additional Details
Price History
Brian Lee
Associate