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41-43 Paterson Ave 5 Unit Apartment Building $849,900 ($169,980/Unit) Paterson, NJ 07522
Investment Highlights
- Corner location in Great Falls District
- Ample parking
Executive Summary
5 Unit building. Approx 1,850 vacant commercial space on ground floor perfect for a new business of a rental option. Second floor has 4 1 bedroom apartments, all utilities paid by tenants, 9 parking spaces. Newer roof, siding gutters shingles. Call for more details.
Property Facts
| Price | $849,900 | Building Class | C |
| Price Per Unit | $169,980 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 5,368 SF |
| No. Units | 5 | Average Occupancy | 75% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1960 |
| Apartment Style | Low-Rise | Parking Ratio | 1.68/1,000 SF |
| Zoning | Commercial/Residential - Zoned R-3 | ||
| Price | $849,900 |
| Price Per Unit | $169,980 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 5,368 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.68/1,000 SF |
| Zoning | Commercial/Residential - Zoned R-3 |
Amenities
Unit Amenities
- Air Conditioning
- Hardwood Floors
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+5 | 5 | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 08-01408-0000-00015 | Improvements Assessment | $407,400 |
| Land Assessment | $59,100 | Total Assessment | $466,500 |
Property Taxes
Parcel Number
08-01408-0000-00015
Land Assessment
$59,100
Improvements Assessment
$407,400
Total Assessment
$466,500
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Presented by
Meadowlands Realty Inc
41-43 Paterson Ave
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