Properties

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.

Features

  • Heating System : Baseboard - Hotwater
  • Cooling System : Window A/c(s)
  • Basement : Full, Unfinished
  • Roof Deck : Asphalt Shingle
  • Parking : 6
  • Parking Description: Blacktop, Driveway-Exclusive
  • Tax Assessed Valuation: 809400
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Gas-Natural
  • Internet

Additional Info

  • Office Name: COLDWELL BANKER REALTY
  • Office MLS ID: 002450
  • Agent ID: 297129
  • Tax: 17882
  • Tax Year: 2025
  • Application Fee: $0

Multi-Family For Sale

For Sale
$999,500

165 Godwin Ave, Paterson City, *

  • SQFT 75 Acre
  • Bedroom 12
  • Built Year 1970

Details

  • Property Type: Multi-Family
  • Listing Type: For Sale
  • Listing ID: 5450060
  • Price: $999,500
  • Bedrooms: 12
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1970
  • Year Built Description: Approximate
  • Lot Area: 75 Acre
  • Status: Active
  • Days On Market: 42

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Passaic
  • City Paterson City
  • Zipcode *
  • Street: Godwin Ave
  • Street Number: 165
  • Street Direction: Between Rosa Parks Blvd and E16th Street
  • Floor Number: 0
  • Longitude: W75° 50' 29.5''
  • Latitude: N40° 55' 14.3''
  • Internet Display Address: Yes
Property