Auburn Street | 84 Auburn St
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Auburn Street 84 Auburn St
6 Unit Apartment Building $1,400,000 ($233,333/Unit) 7% Cap Rate Paterson, NJ 07501
Investment Highlights
- Less than four years old
- INDEPENDENT HVAC, Tankless Hotwater systems, Laundry for in UNIT
- Fully RENTED
Executive Summary
Welcome to your next investment gem: a turnkey 6-unit building built in 2020, fully leased at top-end rents! Each modern 1-bedroom, 1-bathroom unit features luxury vinyl plank flooring, quartz countertops, stainless steel appliances, in-unit laundry, and independent HVAC systems, all controlled by tenants. Enjoy the efficiency of tankless hot water heaters and enhanced security with a full camera system throughout the property. The building also includes a sprinkler system and split air systems in the hallways for added comfort. With its high-quality construction and prime location, this property offers a unique opportunity for passive income. Don’t miss your chance to add this exceptionally upgraded treasure to your portfolio!
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer Hookup
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Hardwood Floors
- Stainless Steel Appliances
- Attic
- Basement
- Dining Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,650 | - |
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Walk Score ®
Walker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 08-03613-0000-00010 | Total Assessment | $116,600 |
| Land Assessment | $27,600 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $89,000 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
08-03613-0000-00010
Land Assessment
$27,600
Improvements Assessment
$89,000
Total Assessment
$116,600
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | Opportunity (Residential) |
| Opportunity (Residential) |
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Auburn Street | 84 Auburn St
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