Log In/Sign Up
Your email has been sent.
Stable Tenants | 11 Unit Multi-family 67 Oak St 11 Unit Apartment Building $2,756,942 CAD ($250,631 CAD/Unit) 7.28% Cap Rate Paterson, NJ 07501
INVESTMENT HIGHLIGHTS
- Turnkey Asset – Fully renovated in 2023, offering zero immediate capex and modern finishes across all units.
- Attractive Cap Rate of 6.94% – Solid in-place income with upside potential on renewals and market growth.
- Mixed-Use Flexibility – 10 Residential Units + 1 Commercial Unit, offering diversified income streams.
- 100% Occupied – Immediate cash flow with a stabilized tenant base in place.
- Prime Corner Lot Location – Excellent visibility and accessibility near Route 80 and regional transit.
- Proven Value in Northern NJ Market – Strong local rental demand and demographic growth support long-term appreciation.
EXECUTIVE SUMMARY
Turnkey 11-Unit Cash Flowing Asset in Prime Northern NJ
Introducing a fully renovated, income-producing multifamily opportunity in the heart of Northern New Jersey. This 9,871 SF, 3-story building features 11 units — including 10 residential apartments and 1 commercial space — all upgraded in 2023 and currently 100% occupied.
Zoned R-3 and situated on a high-visibility corner lot, this property offers immediate cash flow and long-term upside. Just minutes from Route 80 and major transit links, tenants enjoy convenience while investors benefit from stable income and professional-grade renovations.
Perfect for both seasoned and emerging investors seeking a plug-and-play asset in a growing urban market.
Introducing a fully renovated, income-producing multifamily opportunity in the heart of Northern New Jersey. This 9,871 SF, 3-story building features 11 units — including 10 residential apartments and 1 commercial space — all upgraded in 2023 and currently 100% occupied.
Zoned R-3 and situated on a high-visibility corner lot, this property offers immediate cash flow and long-term upside. Just minutes from Route 80 and major transit links, tenants enjoy convenience while investors benefit from stable income and professional-grade renovations.
Perfect for both seasoned and emerging investors seeking a plug-and-play asset in a growing urban market.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Yard
- Basement
- Dining Room
- Family Room
- Lawn
- Linen Closet
- Smoke Free
- Vinyl Flooring
- Large Bedrooms
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Bicycle Storage
- Individual Locking Bedrooms
- Private Bathroom
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | $2,586 CAD | 720 - 1,150 |
| 3+1 | 1 | $2,586 CAD | 720 - 1,150 |
| 4+1 | 1 | $2,586 CAD | 720 - 1,150 |
1 1
Walk Score®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 08-06307-0000-00001 | Total Assessment | $785,777 CAD (2025) |
| Land Assessment | $143,008 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $642,769 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
08-06307-0000-00001
Land Assessment
$143,008 CAD (2025)
Improvements Assessment
$642,769 CAD (2025)
Total Assessment
$785,777 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
1 of 86
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Stable Tenants | 11 Unit Multi-family | 67 Oak St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.