Harshad Phadke
REALTOR®
BEDS0
BATHS8
SQUARE FEET999
MLS#4017166
STATUS
PROPERTY TYPEMulti Unit - Multiple
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!
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished, Walkout
Cooling: Central Air, Window A/C(s)
Fuel Type: Electric, Gas-Natural
Heating: 4+ Units, Baseboard - Electric, Forced Hot Air
Lot Size: 0.11 Acres
Roof Type: Asphalt Shingle
Stories: 3.0
Taxes: $16,047
Year Built: 1900
Feature Descriptions
Days on Site: 13
Exterior: Aluminum, Vinyl
Lot: Corner, Level Lot
Lot Dimensions: 0.11 acre(s)
Max Door height: 0
Parking: 2 Car Width, Blacktop, See Remarks
Sewer: Public Sewer
Units: 7
Utilities: Electric, Gas-Natural
Water: Public Water
Listed By / Shown By
Listed By
Agency Name: EXP REALTY, LLC
Agency Contact: 347.243.7060
Shown By
Agent Name: Harshad Phadke
Agent Phone: (347) 393-1729
Agency Title: RealtyMark
Estimate Your Payment
Estimated Payment
$ 5,113.10 per month $3,338.35 Principal & Interest $1,337.25 Property Tax $437.50 Homeowner's InsuranceChange Payment Information
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62 Lafayette St | MLS# 4017166
This multi-family property located at 62 Lafayette St, Paterson, NJ 07501 is currently listed for sale with an asking price of $1,500,000. Search Paterson real estate on harshadphadke.realtymark.net today.