474 10th Ave - Apartments FOR SALE


Paterson, NJ 07514- Eastside
$2,000,000 USD
973-725-3778
474 10th Ave, Paterson, NJ for Sale
$2,000,000 USD
Apartments - FOR SALE
1/2
null | 7% Cap Rate

474 10th Ave
Paterson, NJ 07514
Eastside


OVERVIEW

Exceptional opportunity to own this well-built 7-unit apartment building constructed in 2022, offering the benefits of a 30-year tax abatement with 26 years left for lower taxes and stronger cash flow. This fully occupied property features a desirable unit mix of five 2-bedroom apartments and two 1-bedroom apartments, each designed with modern layouts. Each unit includes in-unit laundry, while tenants also enjoy the security and convenience of gated on-site parking. Ideally located with easy access to Route 20, Route 4, and Route 208, the property offers excellent commuter accessibility and proximity to shopping, dining, and everyday amenities. Whether you're a seasoned investor looking to expand your portfolio or a first-time multifamily investor seeking a turnkey asset, this newer construction building provides an attractive combination of low maintenance, strong occupancy, and tax advantages.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$333 USD /SF

# OF UNITS

7

PRICE/UNIT

$285,714

CAP RATE

7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

R-2

APN/PARCEL ID

08-08311-0000-00004

ASK ABOUT THIS PROPERTY

Nicholas TselepisNicholas Real EstateMore Info
973-725-3778

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Nicholas TselepisNicholas Real EstateMore Info
973-725-3778

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.