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60-62 Plum Street, Paterson, NJ

$7,250,000

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About 60-62 Plum Street

Welcome to a TRUE TURNKEY opportunity! A newly constructed 20-unit residential building, located 2 blocks away from St. Joseph's Children's Hospital! 3 blocks away from access to Route-80! Only 20 minutes away from Manhattan (via GW Bridge). 60-62 Plum St, was built from the ground up, and completed in January 2025, and comes with the added benefits of a very low maintenance, allowing the owner/landlord, to self manage the property, if chosen too. Also the BIG BONUS....a (30) YEAR TAX ABATEMENT, with (29) YEARS REMAINING!!! And with NO RENT CONTROL RESTRICTIONS, this property is perfectly positioned, to keep the expenses low with increasing the rent roll yearly. The perfect pairing for any investor's formula. Contact today, to set up an in-person tour, and/or get a google link to extensive photos & video walkthrough tours of each unit (prior to occupancy).

Features of 60-62 Plum Street

MLS® # 25042891
Price $7,250,000
Bathrooms 0.00
Type 5+ Mixed Use
Status Active

Community Information

Address 60-62 Plum Street
City Paterson
County PASSAIC
State NJ
Zip Code 07503

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Exterior

Roof Flat, See Remarks

Additional Information

Date Listed December 16th, 2025
Foreclosure No
RE / Bank Owned No

Listing Map

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