Bought with Michael Malady with Realty One Group Paramount and Listed by Maikol Puebla with Christie's International Real Estate Group-Hoboken 2017100598

Looking for a lucrative investment that practically manages itself? Your search ends here! Presenting a remarkable 6-unit brick building in the heart of Paterson, NJ, boasting not just one, but SIX parking spaces for added convenience. Don't miss your chance to secure a steady stream of income with this outstanding property. Each unit offers the perfect blend of comfort and functionality, featuring 1 bedroom and 1 bathroom layouts. Say goodbye to high-maintenance properties and hello to hassle-free ownership. Generating a gross operating income of $80,580.00, this investment gem boasts a strong financial foundation. The cap rate of 6.67% ensures a stable and attractive return on your investment. The current tenants are all up-to-date with their rents, showcasing the property's attractiveness and the excellent tenant relationships in place. A harmonious tenant-landlord dynamic means less stress and more peace of mind.