For Sale
$1,291,000

252-254 Park AvePaterson, NJ 07501

High-Yield Multifamily Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional multifamily investment property, located at 252-254 Park Avenue in Paterson, New Jersey (Passaic County, zip code 07501), presents a compelling opportunity for discerning investors. The property is a well-maintained apartment building boasting a strong 7.47% capitalization rate and a current Net Operating Income (NOI) of $96,472. Currently operating at 100% occupancy, this asset offers immediate cash flow and significant potential for future growth. The asking price for this lucrative investment is $1,291,000. The building's prime location in Paterson, New Jersey provides convenient access to local amenities, transportation, and a thriving community. This multifamily property is an ideal addition to any portfolio seeking stable returns and long-term appreciation. Detailed financial information is available upon request. Serious inquiries only. The property is situated at 40.914923596245735 latitude and -74.15534626054853 longitude.

Highlights

  • $1,291,000 asking price.
  • Multifamily apartment building in Paterson, NJ.
  • 7.47% cap rate.
  • 100% occupancy.
  • $96,472 Net Operating Income (NOI).

Property Details for 252-254 Park Ave

Property type
Apartment buildings

Location Insight

City
Paterson
County
Passaic
State
New Jersey
Latitude
40.914923596246
Longitude
-74.155346260549
252-254 Park Ave, Paterson, New Jersey

FAQs

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252-254 Park Ave
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