For Sale
Multi-Family
MLS# 4043571
165 Godwin Ave
Paterson City, NJ 07501
$999,500
- 12Beds
- 4Baths
- 0.17Acres
- 1970Built
Paterson City, NJ 07501
$999,500
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.
Questions on 165 Godwin Ave, Paterson City, NJ 07501, or want to see it in person?
Listed by COLDWELL BANKER REALTY
Real estate in Northern New Jersey — honest, experienced, and with you long after the ink dries.
Contact
Keller Williams Prosperity Realty
1700 Rt. 23 N, Suite 300, Wayne, NJ 07470
973-370-9539 Team@ThePatLoweGroup.com
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