67 Oak St | Paterson, NJ 07501
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- LoopNet Team
67 Oak St
Paterson, NJ 07501
Stable Tenants | 11 Unit Multi-family · Multifamily Property For Sale
·
11 Units
INVESTMENT HIGHLIGHTS
- Turnkey Asset – Fully renovated in 2023, offering zero immediate capex and modern finishes across all units.
- Attractive Cap Rate of 6.94% – Solid in-place income with upside potential on renewals and market growth.
- Mixed-Use Flexibility – 10 Residential Units + 1 Commercial Unit, offering diversified income streams.
- 100% Occupied – Immediate cash flow with a stabilized tenant base in place.
- Prime Corner Lot Location – Excellent visibility and accessibility near Route 80 and regional transit.
- Proven Value in Northern NJ Market – Strong local rental demand and demographic growth support long-term appreciation.
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Yard
- Basement
- Dining Room
- Family Room
- Lawn
- Linen Closet
- Smoke Free
- Vinyl Flooring
- Large Bedrooms
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Bicycle Storage
- Individual Locking Bedrooms
- Private Bathroom
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | $1,853 | 720 - 1,150 |
| 3+1 | 1 | $1,853 | 720 - 1,150 |
| 4+1 | 1 | $1,853 | 720 - 1,150 |
PROPERTY TAXES
| Parcel Number | 08-06307-0000-00001 | Improvements Assessment | $460,700 |
| Land Assessment | $102,500 | Total Assessment | $563,200 |
PROPERTY TAXES
Parcel Number
08-06307-0000-00001
Land Assessment
$102,500
Improvements Assessment
$460,700
Total Assessment
$563,200
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