About 197-199 12th Avenue
New Construction! Fully Occupied! All Utilities Separated...including gas, electric, & water! AND A RARE...a 30-Year Tax Abatement!!! Newly constructed Dec 2024, this 10-unit multifamily consists of (4) 2B/1B units + (6) 1B/1B units, complemented with (15) parking spaces. This property is being offered fully occupied , at a strong 6.52% cap rate. All units are finished in a modern aesthetic, with stainless steel appliances, and washer & dryers in every unit. Contact for a fully video walkthrough tough, of the exterior, garage, interior common areas, & units. This is a great income producing, turn key property, with minimal maintenance. Full video tour of each unit available upon request & registration.
Features of 197-199 12th Avenue
| MLS® # | 25028238 |
|---|---|
| Price | $3,695,000 |
| Bathrooms | 0.00 |
| Type | 5+ Mixed Use |
| Status | Active |
Community Information
| Address | 197-199 12th Avenue |
|---|---|
| City | Paterson |
| County | PASSAIC |
| State | NJ |
| Zip Code | 07501 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| Has Basement | No |
Exterior
| Roof | Peaked |
|---|
Additional Information
| Date Listed | August 7th, 2025 |
|---|---|
| Foreclosure | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Gershon Adjaye |
|---|---|
| Office | Keller Williams Team Realty |