34
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$1,199,000
Est. payment /mo
12 Beds
6 Baths
4,560 SqFt
New
165 Godwin Ave Paterson City, NJ 07501
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Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,560 sqft
Price per Sqft $262
MLS Listing ID 4043571
Style 2-Two Story
Bedrooms 12
Full Baths 4
Half Baths 4
Year Built 1970
Annual Tax Amount $17,882
Tax Year 2025
Lot Size 7,405 Sqft
Property Description
Don't miss this outstanding investment opportunity in a prime Paterson location. This well-maintained four-family property generates nearly $120,000 in annual gross rental income and offers an impressive 7.5% cap rate, making it an excellent addition to any investment portfolio.Each spacious unit offers approximately 1,200 square feet of living space, providing layouts that attract and retain long-term tenants. The property features separate utilities for all units, helping minimize owner expenses and maximize cash flow.Additional highlights include six off-street parking spaces, a highly desirable amenity for tenants, and a convenient location close to major highways, public transportation, shopping, restaurants, schools, and parks.
Location
State NJ
County Passaic
Rooms
Basement Full, Unfinished
Interior
Heating Gas-Natural
Cooling Window A/C(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Utilities Available Gas-Natural
Roof Type Asphalt Shingle
Building
Sewer Public Sewer
Water Public Water
Architectural Style 2-Two Story
Others
Senior Community No
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Listed by COLDWELL BANKER REALTY
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