67 Oak St - Apartments FOR SALE
Paterson, NJ 07501 |
67 Oak St
Paterson, NJ 07501
HIGHLIGHTS
- Turnkey Asset – Fully renovated in 2023, offering zero immediate capex and modern finishes across all units.
- 100% Occupied – Immediate cash flow with a stabilized tenant base in place.
- Attractive Cap Rate of 6.94% – Solid in-place income with upside potential on renewals and market growth.
- Prime Corner Lot Location – Excellent visibility and accessibility near Route 80 and regional transit.
- Mixed-Use Flexibility – 10 Residential Units + 1 Commercial Unit, offering diversified income streams.
- Proven Value in Northern NJ Market – Strong local rental demand and demographic growth support long-term appreciation.
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Stable Tenants | 11 Unit Multi-family
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
ADD'L SUBTYPES
Storefront Retail/Residential, Office/Residential
TOTAL BUILDING SIZE
9871
STORIES
3
YEAR BUILT
1963
PARKING SPACES
4
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
08-06307-0000-00001
