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84-88 Jefferson St 5 Unit Apartment Building $999,999 ($200,000/Unit) 8.03% Cap Rate Paterson, NJ 07522
Executive Summary
There are 2 houses and a parking lot. The first house was completely renovated 6 years ago. It has one 2 bedroom on the first floor and the second floor has 2 bedrooms with additional rooms on the third floor. It has central air. The second building has 3 three bedroom units. All are in good condition. The first floor unit was completely remodeled last year and central air was added. There is also a new coin laundry is the second building for the tenants to use. All the buildings are up to date with their permits.
Financial Summary (Pro Forma - 2025) 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 |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2025) 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 | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $999,999 | Building Class | C |
| Price Per Unit | $200,000 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 3,650 SF |
| Cap Rate | 8.03% | No. Stories | 3 |
| No. Units | 5 | Year Built/Renovated | 1906/2019 |
| Property Type | Multifamily | Parking Ratio | 0.82/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R-3 - Residential | ||
| Price | $999,999 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Cap Rate | 8.03% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,650 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1906/2019 |
| Parking Ratio | 0.82/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-3 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Views
- Freezer
Site Amenities
- 24 Hour Access
- Picnic Area
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
1 1
Walk Score®
Very Walkable (77)
Property Taxes
| Parcel Number | 08-00206-0000-00009 | Total Assessment | $400,700 |
| Land Assessment | $92,300 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $308,400 | Tax Year | 2025 |
Property Taxes
Parcel Number
08-00206-0000-00009
Land Assessment
$92,300
Improvements Assessment
$308,400
Total Assessment
$400,700
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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84-88 Jefferson St
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