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Auburn Street 84 Auburn St 6 Unit Apartment Building $1,300,000 ($216,667/Unit) 8% Cap Rate Paterson, NJ 07501
Investment Highlights
- Built in 2020
- INDEPENDENT HVAC per unit, Tankless Hotwater systems, Laundry in all UNITs, Sprinkler system, Security system
- FULLY RENTED
Executive Summary
Welcome to a rare turnkey investment opportunity: a 2020-built, 6-unit multifamily property fully leased at strong market rents. This modern asset offers six 1-bedroom, 1-bath residences, each thoughtfully designed with luxury vinyl plank flooring, quartz countertops, stainless steel appliances, in-unit laundry, and individual HVAC systems controlled by each tenant.
The building is engineered for efficiency and durability, featuring tankless instant hot water, a full security camera system, fire sprinkler system, and split HVAC systems serving the common areas. Quality construction and low-maintenance systems translate to reduced operating costs and long-term performance.
Located in Paterson, this property combines modern design, high tenant appeal, and reliable cash flow—making it an ideal addition for investors seeking a stabilized, low-maintenance asset from day one. Opportunities like this don’t come around often—secure this premium multifamily investment today.
The building is engineered for efficiency and durability, featuring tankless instant hot water, a full security camera system, fire sprinkler system, and split HVAC systems serving the common areas. Quality construction and low-maintenance systems translate to reduced operating costs and long-term performance.
Located in Paterson, this property combines modern design, high tenant appeal, and reliable cash flow—making it an ideal addition for investors seeking a stabilized, low-maintenance asset from day one. Opportunities like this don’t come around often—secure this premium multifamily investment today.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Washer/Dryer
- Heating
- Crown Molding
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Attic
- Basement
- Dining Room
- Double Pane Windows
- Handrails
- Instant Hot Water
- Lawn
- Mud Room
- Porch
- Smoke Free
- Vinyl Flooring
- Quartz Countertops
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,750 | - |
1 1
Walk Score®
Walker's Paradise (92)
Property Taxes
| Parcel Number | 08-03613-0000-00010 | Total Assessment | $116,600 |
| Land Assessment | $27,600 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $89,000 | Tax Year | 2025 |
Property Taxes
Parcel Number
08-03613-0000-00010
Land Assessment
$27,600
Improvements Assessment
$89,000
Total Assessment
$116,600
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Auburn Street | 84 Auburn St
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