491 21St Ave | Paterson City
Welcome to 491 21st Avenue, an outstanding income-producing property offering exceptional flexibility and growth potential. This unique opportunity features two separate buildings on one lot in a high-visibility, high-traffic location within the vibrant People's Park neighborhood.The front building includes a fully-leased retail storefront currently used as a dentist office at street level and two spacious residential apartments above, ideal for consistent, diversified rental income. The rear building offers two additional residential apartments, providing even greater earning potential. Property Highlights: 8.5% cap rate and Total of 5 rental units (1 commercial + 4 residential) Strong rental history with immediate income generation, Separate entrances for all residential units, Low-maintenance exterior with brick facade, Prime high-traffic location perfect for business exposure, Close proximity to public transportation, shopping, schools, and major highways. Zoned for residential and commercial use, offering investment flexibility. With minimal operating expenses and a "turn-key setup, this property is perfect for investors seeking stable cash flow or entrepreneurs looking to live and operate a business on-site. Nothing to do but collect rents! GSMLS 3959587
Directions to property: Google Maps
