106 N 8th St,Paterson City, NJ 07522
Paterson City, NJ 07522
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.
Details
| MLS # | 4016392 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1954 |
| Days On Site | 197 |
| Listing Provided By | COREY J SCHNEIDER | GEO KUMETZ |
Features
| Garage | 6 |
|---|---|
| Basement | Y |
| Story(s) | 3 |
| Units | 6 |
| Zoning | Multi-family |
Taxes
| Property | 22636 |
|---|
Area Information
| State | NJ |
|---|---|
| County | Passaic |
| City | Paterson City |
| Zip Code | 07522 |
| Area | Passaic |
| Listing VS Median (in 07522) | |
Price: $1,090,000 low | high Med: $417,500 On site: 197 low | high Med: 35.5 | |
Market Activity 07522
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Learn More About This Property
| State | NJ |
|---|---|
| County | Passaic |
| City | Paterson City |
| Zip Code | 07522 |
| Area | Passaic |
| Listing VS Median (in 07522) | |
Price: $1,090,000 low | high Med: $417,500 On site: 197 low | high Med: 35.5 | |
