48 Chadwick St - Apartments FOR SALE


Paterson, NJ 07503- South Paterson
$3,500,000 USD
908-415-4484
48 Chadwick St, Paterson, NJ for Sale
$3,500,000 USD
Apartments - FOR SALE
1/14
null | 6.79% Cap Rate

48 Chadwick St
Paterson, NJ 07503
South Paterson


OVERVIEW

Introducing 48 Chadwick Street a luxurious, modern, and newly constructed 9 unit elevator mid-rise built in 2023, featuring all 9 upscale 2-bedroom, 2-bathroom units in a prime Paterson location. Each residence includes a primary en suite bathroom, energy efficiency GE washer/dryer, energy efficiency stainless steel GE appliances included a stainless steel Frigidaire refrigerator, and high end finishes. Fusing security and innovation, this prestige building enhancing the tenant experience with a ButterflyMX virtual doorman system and every unit is equipped with smart locks. The spacious attached parking garage adds convenience, value, and additional income, making this a highly attractive, low-maintenance investment, perfect for your investment portfolio or 1031 exchange! With strong rental demand and a 20-Year Tax Abatement, this turnkey property is a rare opportunity to secure a high-quality asset in a growing market. Request financials or book a private tour today!

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$134 USD /SF

# OF UNITS

9

PRICE/UNIT

$388,889

CAP RATE

6.79%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2023

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

-

APN/PARCEL ID

08-05505-0000-00007

ASK ABOUT THIS PROPERTY

Ari MesmerRE/MAX NowMore Info
908-415-4484

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Ari MesmerRE/MAX NowMore Info
908-415-4484

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