225 West Broadway - Apartments FOR SALE
Paterson, NJ 07522 |
908-675-5703
225 West Broadway
Paterson, NJ 07522
HIGHLIGHTS
- 225 West Broadway is a 6,720-square-foot, four-story apartment building offering seven two-bedroom units and one commercial unit.
- Great location in Northern New Jersey, just steps from three bus stops with direct access to New York City.
- Income-generating investment with fully occupied units on one-year leases and an annual NOI of more than $118,000 with potential to increase.
- Units have been newly renovated with large layouts, and all tenants pay for their own electric, gas, and heat.
- Additional value with there being on-site parking, a rarity for the densely populated area, which also brings further cash flow.
- Retail unit is occupied by a local barbershop that has established a long-term presence at the ground-floor corner space.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
Seven Units + One Commercial 100% Occupied
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
ADD'L SUBTYPES
Storefront Retail/Residential
TOTAL BUILDING SIZE
-
STORIES
4
YEAR BUILT
1960
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.2 AC
LAND SF
8,914 SF
ZONING
B-2
APN/PARCEL ID
08-00608-0000-00001
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
908-675-5703
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
908-675-5703
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
