169 Godwin Ave, Paterson, NJ 07501
- $1,199,000
- 12
- BD
- 4
- BA
- List Price
- $1,199,000
- Status
- ACTIVE
- MLS#
- 26028525
- Bedrooms
- 12
- Bathrooms
- 4
- County
- Passaic
- City
- Paterson
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.
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Additional Information
- Taxes
- $17,882
Mortgage Calculator
Listing courtesy of Listing Agent: Maikol Puebla () from Listing Office: Coldwell Banker, Ridgewood.
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Source: New Jersey Multiple Listing Service, Inc.
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