2-4 Family Home For Sale in Paterson, NJ
MLS# : 25026128
PROPERTY DETAILS
PROPERTY DESCRIPTION
Investor’s dream! This legal 2-family property in Paterson is a high-yield, cash-flowing opportunity w/ no certificate of occupancy required a rare advantage for savvy investors. The 1st floor features 2 studio units, each w/ its own bathroom. The 2nd floor mirrors the layout with 2 more private studio suites, & a finished attic adds a 5th bonus studio unit. Currently generating $6,100/monin cash rental income with no formal leases, this asset offers immediate returns and flexibility. Two units rent at $1,300 each, two at $1,200, & one at $1,100. With annual taxes at $6,310 and insurance at $4,500, this investment maintains a strong profit margin. While there’s no finished basement and street parking only, the property’s location in a high-demand rental area makes it a reliable earner with room to grow. Whether you're building your first portfolio or adding another gem to your collection, this is an opportunity you don’t want to miss. Cash flow from day one in a thriving rental market.
Amenities
This listing is a courtesy of Realty of America LLC
833-256-4244 office, listing agent
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $229,000 - 899,900 | 22 |
| Condos : | $189,000 - 305,000 | 6 |
| Co-ops : | $165,000 - 165,000 | 1 |
| Twnhs : | $399,000 - 399,000 | 1 |
| 2-4 Fam : | $399,999 - 979,999 | 59 |
| 5+ Fam : | $889,000 - 999,999 | 3 |
| Land : | $60,000 - 870,000 | 6 |
| Rentals : | $1,500 - 4,500 | 37 |
| Mixd Use : | $550,000 - 999,999 | 7 |
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| Com L : | - | |
| Biz : | $25,000 - 500,000 | 6 |
