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$ 1,500,000
Est. payment | /mo
999 SqFt
$ 1,500,000
Est. payment | /mo
999 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 999 sqft
Price per Sqft $1,501
MLS Listing ID 4017166
Year Built 1900
Annual Tax Amount $16,047
Tax Year 2025
Lot Size 4,791 Sqft
Property Description
Income producing 7 unit corner property located at 62-64 Lafayette Street in Paterson, set on an oversized 50x100 lot with on site parking. This fully detached three story building offers a strong unit mix of one and three bedroom apartments, appealing to a wide range of tenants. All units have been renovated in recent years, providing solid in place income with minimal immediate capital needs. Tenants pay their own utilities, helping maintain efficient operating expenses. Currently delivering over an 8% cap rate with additional upside potential, this property presents a strong investment opportunity. Conveniently located near public transportation, shopping, schools and much more!
Location
State NJ
County Passaic
Zoning R2
Rooms
Basement Unfinished, Walkout
Interior
Heating Electric, Gas-Natural
Cooling Central Air, Window A/C(s)
Equipment See Remarks
Heat Source Electric, Gas-Natural
Exterior
Exterior Feature Aluminum, Vinyl
Utilities Available Electric, Gas-Natural
Roof Type Asphalt Shingle
Building
Lot Description Corner, Level Lot
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Listed by EXP REALTY, LLC
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