NJ
Passaic
Paterson City
07501
165 Godwin Ave
165 Godwin Ave, Paterson City, NJ 07501
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Listing Type
Multi Family
Listing Status
Active
34
$1,199,000

Home Details for 165 Godwin Ave

Price
$1,199,000
Type
Residential Income
Bedrooms
12
Total Bathrooms
8
Full Bathrooms
4
Half Bathrooms
4
Square feet
4800
Year built
1970
Lot size acres
0.17
County
Passaic
Total rooms
16
Basement
Full, Unfinished
MLS Listing#
4043571
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.

Property Features
  • Heating Information
    • Baseboard
    • Natural Gas
  • Basement
    • Full
    • Unfinished
  • Cooling Information
    • Window Unit(s)
  • Water Features
    • Public
  • Utilities
    • Natural Gas Available
Listing Courtesy: COLDWELL BANKER REALTY - 201-445-9400
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EXIT SOLGAR REALTY
200 Diamond Bridge Ave, Hawthorne, NJ 07506
Office
973 282 8642
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