331 Straight St | Paterson, NJ 07501
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- LoopNet Team
331 Straight St
Paterson, NJ 07501
Multifamily Property For Sale
·
13 Units
INVESTMENT HIGHLIGHTS
- This recently renovated, income-generating rooming house offers an ideal acquisition for investors seeking immediate cash flow and long-term growth.
- Situated in a rapidly growing area with strong rental demand, the property ensures reliable cash flow and long-term value appreciation.
- Property includes 13 units, including 12 residential apartments and a ground floor commercial unit, offering diverse income streams.
- Upgrades to the property include updated bathrooms, electrical systems, plumbing, and heating, modernizing the property to attract premium tenants.
PROPERTY FACTS
| No. Units | 13 | Building Size | 4,442 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | No. Stories | 4 | |
| Lot Size | 0.04 AC | Year Built/Renovated | 1940/2020 |
| Zoning | Commercial | ||
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | |
| Lot Size | 0.04 AC |
| Building Size | 4,442 SF |
| Average Occupancy | 95% |
| No. Stories | 4 |
| Year Built/Renovated | 1940/2020 |
| Zoning | Commercial |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 10+5 | 13 | - | - |
PROPERTY TAXES
| Parcel Number | 08-06210-0000-00008 | Improvements Assessment | $382,200 |
| Land Assessment | $37,400 | Total Assessment | $419,600 |
PROPERTY TAXES
Parcel Number
08-06210-0000-00008
Land Assessment
$37,400
Improvements Assessment
$382,200
Total Assessment
$419,600
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