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Patric Santo Pietro

[email protected] +1(732) 570-5442

Listed by Gershon Adjaye Keller Williams Team Realty

$ 3,695,000

Est. payment -/mo

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Price Dropped by $155K

197-199 12th AVE Paterson, NJ 07501

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Key Details

Property Type Multi-Family

Sub Type 5+Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25028238

Style 5+Family

Property Sub-Type 5+Family

Property Description

New Construction! Fully Occupied! All Utilities Separated...including gas, electric, & water! AND A RARE...a 30-Year Tax Abatement!!! Newly constructed Dec 2024, this 10-unit multifamily consists of (4) 2B/1B units + (6) 1B/1B units, complemented with (15) parking spaces. This property is being offered fully occupied , at a strong 6.52% cap rate. All units are finished in a modern aesthetic, with stainless steel appliances, and washer & dryers in every unit. Contact for a fully video walkthrough tough, of the exterior, garage, interior common areas, & units. This is a great income producing, turn key property, with minimal maintenance. Full video tour of each unit available upon request & registration.

Location

State NJ

County Passaic

Patric Santo Pietro

Agent | License ID: 1007170

+1(732) 570-5442

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Patric Santo Pietro

197-199 12th AVE Paterson, NJ 07501

Key Details

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197-199 12th AVE