Property Description:
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Wholesale Investment Property
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This property is available for purchase only with Cash, Hard Money, or Private Money.
141 N 4th Street, Paterson NJ 07522
Rental
Wholesale Price: $395,000
Rehab Cost: No rehab
After Repair Value: $460,000
Yearly Net Cash Flow: $44,381
Cash On Cash Return: 10.58%
Cap Rate: 9.65%
Property Information
Building Type: Multifamily – Duplex
Real Estate Tax: $7,791
Vacant: No
Owner Occupied:
Parking: Street Parking
Construction Details:
Facade and Exterior: Siding is vinyl or aluminum
Roof: Shingles (don’t know the age of the roof but it does not need to be replaced)
Electric: Circuit breakers
Heating: Gas
Plumbing: Copper
Laundry: No
Sewer: Public Sewer
Water: Hot water, no issues
Zoning: Residential
Comparables from the MLS used to determine ARV
Average Cost/SQFT: $195.19
Average Sold Price: $433,333.33
After Repair Value: $460,000.00
Address Price Sold Sold Date Size (sf) Year Built Price per sf Distance from subject property (mi)
49 HALEDON AVE 400,000.00 11/9/2021 2252 1887 177.62 0.11
PATERSON, NJ
196 N 7TH ST
PATERSON, NJ 450,000.00 5/20/2021 2124 0 211.86 0.12
70-72 GARFIELD AVE
PATERSON, NJ 450,000.00 5/24/2021 2295 1887 196.08 0.13