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196-198 Beech St 7 Unit Apartment Building $1,295,000 ($185,000/Unit) Paterson, NJ 07501
EXECUTIVE SUMMARY
Welcome to Beech Street in Paterson! Spectacular Investment Opportunity –this fully occupied 7-unit building offers strong financials with solid income and low expenses. Features include some off-street parking, separate utilities and incredible upside as a value-add property with endless potential. Ideally located with immediate highway access, and just minutes from the hospital, restaurants, retail, public transportation and more. A true gem for any investor looking to grow their portfolio.
PROPERTY FACTS
| Price | $1,295,000 | Apartment Style | Low-Rise |
| Price Per Unit | $185,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.03 AC |
| No. Units | 7 | Building Size | 3,854 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1950 |
| Zoning | B-2 | ||
| Price | $1,295,000 |
| Price Per Unit | $185,000 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 3,854 SF |
| No. Stories | 3 |
| Year Built | 1950 |
| Zoning | B-2 |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 5 | - | - |
1 1
Walk Score®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 08-06007-0000-00019 | Improvements Assessment | $305,300 |
| Land Assessment | $51,300 | Total Assessment | $356,600 |
PROPERTY TAXES
Parcel Number
08-06007-0000-00019
Land Assessment
$51,300
Improvements Assessment
$305,300
Total Assessment
$356,600
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196-198 Beech St
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