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$ 699,000
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85 BERKSHIRE AVE Paterson, NJ 07502
3 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250022328
Full Baths 3
Annual Tax Amount $10,424
Lot Dimensions 71X100
Property Sub-Type Investment
Property Description
85 Berkshire Avenue presents a turnkey three unit residential asset in Paterson. This semi attached building offers four on site parking spaces. All three apartments are renovated and fully rented with stabilized in place income. Operations are streamlined with separate utilities; an above ground oil tank provides heat to Apartments 2 and 3, and those two tenants share the fuel cost. Common owner expenses are modest and on site parking supports durable performance. The property is near the Totowa border and close to shopping, bus lines, and major roadways. A low maintenance, separately metered asset for investors seeking steady cash flow.
Location
State NJ
County Passaic
Area Paterson
Exterior
Garage Spaces 4.0
Listed by REAL