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48 Chadwick St 9 Unit Apartment Building $4,885,720 CAD ($542,858 CAD/Unit) 6.79% Cap Rate Paterson, NJ 07503
EXECUTIVE SUMMARY
Introducing 48 Chadwick Street a luxurious, modern, and newly constructed 9 unit elevator mid-rise built in 2023, featuring all 9 upscale 2-bedroom, 2-bathroom units in a prime Paterson location. Each residence includes a primary en suite bathroom, energy efficiency GE washer/dryer, energy efficiency stainless steel GE appliances included a stainless steel Frigidaire refrigerator, and high end finishes. Fusing security and innovation, this prestige building enhancing the tenant experience with a ButterflyMX virtual doorman system and every unit is equipped with smart locks. The spacious attached parking garage adds convenience, value, and additional income, making this a highly attractive, low-maintenance investment, perfect for your investment portfolio or 1031 exchange! With strong rental demand and a 20-Year Tax Abatement, this turnkey property is a rare opportunity to secure a high-quality asset in a growing market. Request financials or book a private tour today!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$389,462
|
$14.92
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$389,462
|
$14.92
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$57,579
|
$2.21
|
| Net Operating Income |
$331,883
|
$12.72
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $389,462 |
| Annual Per SF | $14.92 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $389,462 |
| Annual Per SF | $14.92 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $57,579 |
| Annual Per SF | $2.21 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $331,883 |
| Annual Per SF | $12.72 |
PROPERTY FACTS
| Price | $4,885,720 CAD | Building Class | B |
| Price Per Unit | $542,858 CAD | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 26,100 SF |
| Cap Rate | 6.79% | No. Stories | 4 |
| No. Units | 9 | Year Built | 2023 |
| Property Type | Multifamily | Parking Ratio | 0.27/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise |
| Price | $4,885,720 CAD |
| Price Per Unit | $542,858 CAD |
| Sale Type | Investment |
| Cap Rate | 6.79% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 26,100 SF |
| No. Stories | 4 |
| Year Built | 2023 |
| Parking Ratio | 0.27/1,000 SF |
| Opportunity Zone |
Yes |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Washer/Dryer
- Stainless Steel Appliances
1 1
Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 08-05505-0000-00006 | Improvements Assessment | $0 CAD (2025) |
| Land Assessment | $38,713 CAD (2025) | Total Assessment | $38,713 CAD (2025) |
PROPERTY TAXES
Parcel Number
08-05505-0000-00006
Land Assessment
$38,713 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$38,713 CAD (2025)
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48 Chadwick St
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