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About This Home
This 0-bedroom, 0-bathroom commercial at 62 Lafayette St in Paterson City, NJ is listed for $1,435,000 ($1,436 per sqft). Built in 1900, the home offers 999 sqft of living space on a 0.11 acres lot.
Income producing 7 unit corner property located at 62-64 Lafayette Street in Paterson, set on an oversized 50x100 lot with on site parking. This fully detached three story building offers a strong unit mix of one and three bedroom apartments, appealing to a wide range of tenants.
All units have been renovated in recent years, providing solid in place income with minimal immediate capital needs. Tenants pay their own utilities, helping maintain efficient operating expenses. Currently delivering over an 9% cap rate with additional upside potential, this property presents a strong investment opportunity. Conveniently located near public transportation, shopping, schools and much more!
Key Features
- Built in 1900
- 0.11 acre lot
- 3 stories
Property Details
Amenities
Monthly Cost Estimate
$7,675/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
62 Lafayette St
Paterson City, NJ 07501-1139
Property Details
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 62 Lafayette St is listed at $1,435,000 ($1,436/sqft). The estimated monthly payment is $6,218 based on 20% down at 6.5% interest.
Key features include: Built in 1900, 0.11 acre lot, 3 stories.
This property is listed by MORDY ABELESZ and can be reached at 8662016210 or NJ.Broker@eXpRealty.net.
