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Auburn Street 84 Auburn St 6 Unit Apartment Building $1,805,076 CAD ($300,846 CAD/Unit) 8% Cap Rate Paterson, NJ 07501
INVESTMENT HIGHLIGHTS
- Built in 2020
- INDEPENDENT HVAC per unit, Tankless Hotwater systems, Laundry in all UNITs, Sprinkler system, Security system
- FULLY RENTED
EXECUTIVE SUMMARY
Welcome to a rare turnkey investment opportunity: a 2020-built, 6-unit multifamily property fully leased at strong market rents. This modern asset offers six 1-bedroom, 1-bath residences, each thoughtfully designed with luxury vinyl plank flooring, quartz countertops, stainless steel appliances, in-unit laundry, and individual HVAC systems controlled by each tenant.
The building is engineered for efficiency and durability, featuring tankless instant hot water, a full security camera system, fire sprinkler system, and split HVAC systems serving the common areas. Quality construction and low-maintenance systems translate to reduced operating costs and long-term performance.
Located in Paterson, this property combines modern design, high tenant appeal, and reliable cash flow—making it an ideal addition for investors seeking a stabilized, low-maintenance asset from day one. Opportunities like this don’t come around often—secure this premium multifamily investment today.
The building is engineered for efficiency and durability, featuring tankless instant hot water, a full security camera system, fire sprinkler system, and split HVAC systems serving the common areas. Quality construction and low-maintenance systems translate to reduced operating costs and long-term performance.
Located in Paterson, this property combines modern design, high tenant appeal, and reliable cash flow—making it an ideal addition for investors seeking a stabilized, low-maintenance asset from day one. Opportunities like this don’t come around often—secure this premium multifamily investment today.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Washer/Dryer
- Heating
- Crown Molding
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Attic
- Basement
- Dining Room
- Double Pane Windows
- Handrails
- Instant Hot Water
- Lawn
- Mud Room
- Porch
- Smoke Free
- Vinyl Flooring
- Quartz Countertops
SITE AMENITIES
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | $2,430 CAD | - |
1 1
Walk Score®
Walker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 08-03613-0000-00010 | Total Assessment | $159,455 CAD |
| Land Assessment | $37,744 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $121,711 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
08-03613-0000-00010
Land Assessment
$37,744 CAD
Improvements Assessment
$121,711 CAD
Total Assessment
$159,455 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Auburn Street | 84 Auburn St
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