Condo 9-Unit Package in Paterson, NJ For Sale

  • $1,100,000
  • 20 baths

Estimated ARV: $1,500,000 – $1,600,000

Estimated Rehab: Renovated

Cash Required at Closing: $220,000

Estimated Gross Profit: $400,000

Acquisition Cost: $1,100,000

*Acquisition Cost: Acquisition cost is the cost to purchase the deal (contract & respective property) excluding closing costs.

*Assumes getting approved from one of our preferred lenders and financing the deal at a max of 65% LTV, 14% APR, and 4 points, plus lender’s attorney fees, appraisal fee, and other fees. Lender to finance 80% of purchase and 100% of construction.

Paterson, NJ 07501
For Sale
Property Type:
Year Built:

Additional Features

Large 9-unit package under contract in Paterson. Asking is 1,155,000 at the moment. All units are turnkey. Aside from the 1 bedrooms, the 2 and 3 bedrooms are currently occupied with month to month tenants. This would be ideal for someone to buy as a package and sell off individually for profit. Also may be ideal for a buy and hold scenario if rents were to be raised to market value.

Call (848) 299-4847 for more details

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