141 N 4th Street – Paterson Available

  • $370,000
  • 7 beds
  • 3 baths
  • 2,442 sqft

*To expand the pictures and see them in HD Please click on the large photo.

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: $370,000
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
Price:
$370,000
Address:
141 N 4th Street
Paterson , NJ 07522
Square Feet:
2,442
Bedrooms:
7
Bathrooms:
3
Terms:
Assignment of Contract
Property Type:
Duplex
Const. Type:
Duplex

Call (609) 807-1497 for more details

Property Location