Properties

Description

Exceptional opportunity to own this well-built 7-unit apartment building constructed in 2022, offering the benefits of a tax abatement with 26 years left for lower taxes and stronger cash flow. This fully occupied property features a desirable unit mix of five 2-bedroom apartments and two 1-bedroom apartments, each designed with modern layouts. Each unit includes in-unit laundry, while tenants also enjoy the security and convenience of gated on-site parking. Ideally located with easy access to Route 20, Route 4, and Route 208, the property offers excellent commuter accessibility and proximity to shopping, dining, and everyday amenities. Whether you're a seasoned investor looking to expand your portfolio or a first-time multifamily investor seeking a turnkey asset, this newer construction building provides an attractive combination of low maintenance, strong occupancy, and tax advantages.

Features

  • Heating System : Forced Hot Air
  • Cooling System : Central Air
  • Roof Deck : Flat
  • Tax Assessed Valuation: 38400
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Gas-Natural

Additional Info

  • Office Name: NICHOLAS REAL ESTATE AGENCY
  • Office MLS ID: 0699
  • Agent ID: 236690
  • Tax: 2048
  • Tax Year: 2025
  • Application Fee: $0
  • Zoning: R1

Commercial For Sale

For Sale
$2,000,000

474 10Th Ave, Paterson City, *

  • SQFT 50 Acre
  • Built Year 2022

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5439354
  • Price: $2,000,000
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 2022
  • Year Built Description: Approximate
  • Lot Area: 50 Acre
  • Status: Active
  • Days On Market: 69

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Passaic
  • City Paterson City
  • Zipcode *
  • Street: 10Th Ave
  • Street Number: 474
  • Street Direction: CORNER OF E 29TH ST AND 10TH AVE
  • Floor Number: 0
  • Longitude: W75° 51' 19.2''
  • Latitude: N40° 55' 24.5''
  • Internet Display Address: No
Property