Rare opportunity to acquire a well-maintained mixed-use property in the heart of Paterson. This versatile asset features two spacious residential units and an income-producing garage, generating a total of $61,200 in gross annual income.
Property Highlights:
Top floor: $1,900/mo (lease expires Feb 2026)
First floor: $2,000/mo (no lease – flexible terms)
Garage: $1,200/mo (steady tenant)
Projected 5.2% CAP rate with room for rental growth
Prime location near major highways, schools, parks, and public transportation
Separate utilities and low operating expenses
This property offers strong cash flow with immediate upside potential through rent adjustments or repositioning. Ideal for investors seeking stable income or owner-occupants looking to offset living costs with additional rental income.