Seeking Buyer for High-Performing 7-Unit Investment in Paterson

For Sale

$1,295,000

7Baths•12Beds•4,500Sq.ft.

196-198 Beech St, Paterson, NJ 07501

About this home

Welcome to Beech Street in Paterson: spectacular investment opportunity - this fully occupied 7-unit building offers strong financials with solid income and low expenses. Features include some off‑street parking, separate utilities and incredible upside as a value‑add property with endless potential. Ideally located with immediate highway access, and just minutes from the hospital, restaurants, retail, public transportation and more. A true gem for any investor! Paterson continues to attract both residents and investors thanks to its diverse economy, convenient transportation links and a growing demand for multifamily housing. The city’s proximity to major highways, regional hospitals and a vibrant commercial corridor makes it a practical choice for tenants seeking easy commutes and everyday amenities. Recent redevelopment initiatives have reinforced the area’s appeal, contributing to steady rental growth and a stable occupancy environment. The seven‑unit building on Beech Street is currently fully leased, providing an immediate and reliable cash flow. Each unit benefits from separate utility metering, which simplifies expense management for the owner. Limited on‑street parking is supplemented by a few off‑street spaces, adding convenience for residents who own vehicles. The property’s modest operating costs further enhance its net operating income, making the financial profile attractive for both seasoned and emerging investors. For more details, please follow the link to view the full listing and explore the opportunity to add this property to your portfolio.

7

BATHS

12

BEDS

4,500

SQFT

Francis DeBari

Broker Salesperson

Century 21 Preferred Realty, Hoboken

1 Newark St , Hoboken, NJ 07030