New Jersey Homes For Sale

85 BERKSHIRE AVE, Paterson, NJ, 07502

  • $699,000
85 BERKSHIRE AVE

85 BERKSHIRE AVE, Paterson, NJ, 07502

85 BERKSHIRE AVE
  • $699,000

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.

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