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81 Auburn St 5 Unit Apartment Building $625,000 ($125,000/Unit) 7.24% Cap Rate Paterson, NJ 07501
INVESTMENT HIGHLIGHTS
- High celling with natural sunlight
- Great investment
- separate utilities
EXECUTIVE SUMMARY
Great Investment Opportunity! Well maintained 5 unit detached building at a great location in Paterson is now available! All units feature 1 bedroom, 1 bath, kitchen and living room. All units future high ceilings, bright and spacious rooms with lots of natural sunlight! Decent condition, all separate utilities paid by the tenants. Currently over a 7% cap with room for upside! Great commuter location, close to public transit, schools, shopping and much more!
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $625,000 | Building Class | C |
| Price Per Unit | $125,000 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 6,589 SF |
| Cap Rate | 7.24% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1991 |
| Property Subtype | Apartment | Parking Ratio | 0.8/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R | ||
| Price | $625,000 |
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| Cap Rate | 7.24% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 6,589 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1991 |
| Parking Ratio | 0.8/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Heating
- Dining Room
- Freezer
SITE AMENITIES
- 24 Hour Access
- Recycling
- Bicycle Storage
- Public Transportation
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
1 1
Walk Score®
Walker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 08-03611-0000-00018 | Improvements Assessment | $207,000 (2025) |
| Land Assessment | $64,000 (2025) | Total Assessment | $271,000 (2025) |
PROPERTY TAXES
Parcel Number
08-03611-0000-00018
Land Assessment
$64,000 (2025)
Improvements Assessment
$207,000 (2025)
Total Assessment
$271,000 (2025)
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81 Auburn St
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