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Wholesale Investment Property
All Properties are normally sold within 14 days from the date listed. Please check the status of the unit with us before beginning research on properties older than 14 days.
This property information is Strictly for Real Estate Acquisitions Co. Investors and associates only.
This property is available for purchase only with Cash, Hard Money, or Private Money.
141 N 4th Street, Paterson NJ 07522
Rental
Wholesale Price: $363,000
Rehab Cost: $10,000
After Repair Value: $460,000
Yearly Net Cash Flow: $44,881
Cash On Cash Return: 11.38%
Cap Rate: 9.76%
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
Projected Financials:
The following pro-forma is based on stabilized property occupancy. Expenses and profits were derived from market research.
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 PATERSON, NJ |
400,000.00 | 11/9/2021 | 2252 | 1887 | 177.62 | 0.11 |
| 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 |