165 Godwin Ave, Paterson City, NJ 07501
- $999,500
- 12
- BD
- 4.4
- BA
- List Price
- $999,500
- Price Change
- ▼ $199,500 1788408075
- Days on Market
- 63
- Status
- ACTIVE
- MLS#
- 4043571
- Bedrooms
- 12
- Bathrooms
- 4.4
- Full Baths
- 4
- Half Baths
- 4
- Lot Size (Acres)
- 0.17
- Year Built
- 1970
Property Description
Don't miss this outstanding investment opportunity in a prime Paterson location. This well-maintained four-family property generates nearly $120,000 in annual gross rental income and offers an impressive 7.5% cap rate, making it an excellent addition to any investment portfolio.Each spacious unit offers approximately 1,200 square feet of living space, providing layouts that attract and retain long-term tenants. The property features separate utilities for all units, helping minimize owner expenses and maximize cash flow.Additional highlights include six off-street parking spaces, a highly desirable amenity for tenants, and a convenient location close to major highways, public transportation, shopping, restaurants, schools, and parks.
Additional Information
- Area
- Paterson City
- Basement Desc
- Full, Unfinished
- Utilities
- Gas-Natural
- Taxes
- $17,882
- Exterior
- Vinyl Siding
- Water
- Public Water
- Basement
- Yes
- Cooling
- Window A/C(s)
- Roof
- Asphalt Shingle
- Show Address
- Yes
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Listing Courtesy Of COLDWELL BANKER REALTY, Contact: 201-710-0598
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