102-104 12th Ave Multifamily Building

• 100% occupancy • All units are separately metered; all boilers are 3 years old • Tax appeals currently pending on both buildings • On-site superintendents • Buildings are in good condition • Located near shopping, schools and entertainment • NJ Transit bus and rail service located within walking distance This 21-unit portfolio of two buildings in the Fourth Ward section of Paterson offers potential investors the opportunity to acquire quality assets with full occupancy in a city that has experienced significant revitalization in the last several years. This has been highlighted by the recent opening of the newly constructed Paterson City Mall in the downtown area and the beautiful Silk City Lofts and Straight Street Commons condominium and rental projects which are close in vicinity to the five subject properties. These properties are in good condition with recent renovationshaving taken place and are historically fully-occupied. The potential buyer will have the opportunity to take advantage of the diffi cult conditions in the capital markets by purchasing quality assets with exceptional income streams in a market that should see continued improvements in the coming years.