Turn-key | 11 Unit | Multi-family | Investment Sale | Northern, NJ
$2,100,000
463-465 Summer St, Paterson, NJ 07501
9,871 sqft
Building Size
0.1148 acres
Lot Area
Details:
Highlights:
- 9,871 SF building | 3 Floors
- 11 total units | 10 Residential Apts + 1 Commercial Unit
- Totally Renovated in 2023
- Zoned: R-3 Multi-family
- Prime Corner Lot
- Close to Route 80
- Historic 100% occupancy
Description:
Introducing a prime investment opportunity in Northern NJ! This meticulously renovated 9,871 SF property offers 11 units and boasts 100% occupancy, providing a strong and consistent cash flow. Zoned R-3, this attractive low-rise building presents a secure and lucrative option for multifamily investors. Located in a sought-after area, the property's strategic positioning allows for effortless access to essential amenities and transportation links. With its favorable occupancy rate and modern updates, this property stands as an excellent choice for investors seeking a reliable and high-performing multifamily asset in the Northern NJ region.
Discover the appeal of Northern NJ with this prime multi-family mixed-use investment opportunity. The area surrounding the property is thriving with convenient access to major highways, making it a strategic location for office space investment. With close proximity to prominent landmarks like the Great Falls Historic District and Garret Mountain Reservation, the area offers a perfect blend of urban convenience and natural beauty. Future tenants will also appreciate the diverse dining options and retail destinations in the vicinity. Don't miss out on the chance to capitalize on this vibrant and dynamic market.
Property sits flat on a corner lot.
Ample Residential Power
Natural Gas
Location
Gallery
